RACE

Ferrari N.V. announced the purchase of 43,000 common shares between October 5-9, 2026, as part of its €250 million third tranche share buyback program. The company invested €114.8 million at an average price of €344.08 per share on Euronext Milan. Since January 2026, Ferrari has purchased 2,032,307 shares for a total consideration of €627.7 million under its multi-year €3.5 billion buyback initiative expected to conclude by 2030.

A comparison of two automotive original equipment manufacturers shows Magna (MGA) is the superior value investment compared to Ferrari (RACE). Magna has a stronger Zacks Rank of #2 (Buy) versus Ferrari's #3 (Hold), along with significantly more attractive valuation metrics including a forward P/E of 9.15 versus 35.80, a PEG ratio of 0.69 versus 3.44, and a Value grade of A versus D.

Ferrari shares purchased at their March 2026 low of $314.63 have gained 26.5% to reach approximately $1,265 by late September. The stock currently trades at $402.05, down 23% from its peak, with a P/E ratio of 37. The article highlights how market volatility can create buying opportunities for long-term investors in quality companies.