# Ferrari N.V. (RACE)

> Source: Nexqual · https://nexqual.com/RACE · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Ferrari N.V. (RACE), nexqual.com/RACE" · informational, not investment advice.

**Price:** USD 397.66 (+0.11% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 397.24 · day 391.86–399.03 · 52w 312.51–437.15 · market cap $69.7B · NYQ

## Key facts
- 4 of 80 tracked superinvestors hold RACE (13F, Q2 2026): 1 new, 0 added, 1 reduced, 2 unchanged.
- Total return with dividends: 1Y -0.1% vs S&P 500 +14.9%; 5Y +85.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 2.32, revenue estimate $1.90B.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold RACE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Guy Spier | Aquamarine Capital | 7.71% | $11.1M | Unchanged |
| AKO Capital |  | 7.66% | $329M | Reduced -4.3% |
| Viking Global | Viking Global Investors | 2.33% | $817M | New position |
| Jensen Investment Management |  | 0.02% | $998K | Unchanged |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | UBS | Target lowered | Buy | $490 → $450 |
| 2026-09-30 | Morgan Stanley | Target lowered | Overweight | $460 → $456 |
| 2026-07-31 | UBS | Target lowered | Buy | $497 → $490 |
| 2026-07-31 | Bernstein | Target raised | Outperform | $402 → $460 |
| 2026-07-07 | Wolfe Research | Initiated | Outperform |  |
| 2026-07-02 | UBS | Target raised | Buy | $483 → $497 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -0.1% | +85.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.1% | +13.1% |
| Volatility (annualized) | 31.5% | 30.6% |
| Max drawdown | -25.5% (Nov 2025→Mar 2026) | -39.2% (Jul 2025→Mar 2026) |

## Peers (Auto Manufacturers)
GM (General Motors Company) USD 77.21 +1.45% · F (Ford Motor Company) USD 11.94 +0.34% · HMC (Honda Motor Company, Ltd.) USD 34.58 +1.80% · TM (Toyota Motor Corporation) USD 198.22 +1.72% · RIVN (Rivian Automotive, Inc.) USD 12.06 -3.21% · STLA (Stellantis N.V.) USD 4.27 +1.18%

## More
Full page: https://nexqual.com/RACE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in RACE's own 20-F filed 2026-02-19 (https://www.sec.gov/Archives/edgar/data/1648416/000164841626000024/race-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | FFS | "FFS also provides special financing arrangements to a selected group of our most valuable and loyal customers." |
| Customer | Apple (AAPL) | "Mr. Cue's team has an excellent track record of building and strengthening world-class services that meet and exceed the high expectations of Apple's customers, and offer creators and storytellers the opportunity to brin…" |
| Related party | Stellantis (STLA) | "Stellantis, Exor and a number of companies in the Stellantis and Exor groups are related parties to Ferrari." |
| Related party | CNH Industrial N.V. (CNH) | "Related parties also include companies over which the Exor Group is capable of exercising control, joint control or significant influence, including Stellantis N.V., and together with its subsidiaries the Stellantis Grou…" |

Other companies that name RACE in their own reports (relationship from RACE's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| related | CNH Industrial N.V. (CNH) | 10-K 2026-02-26 | "As of December 31, 2025 and 2024 CNH's related parties were primarily EXOR N.V. ("Exor") and the companies that EXOR N.V. controlled or had a significant influence over, including Stellantis N.V., ("S…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.32 | $2.42 | -4.1% | $1.90B | 3 |
| Next quarter (ends 2026-12-31) | $2.49 | $2.51 | -0.9% | $1.95B | 2 |
| Current fiscal year (ends 2026-12-31) | $9.85 | $9.71 | +1.5% | $7.64B | 9 |
| Next fiscal year (ends 2027-12-31) | $11.05 | $10.80 | +2.3% | $8.27B | 9 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-06 (includes earnings 2026-11-03): ±6.8%; earnings reaction alone ±4.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 30.1% | ±3.6% |
| 2026-11-06 | 14 | 41.9% | ±6.8% |
| 2026-11-13 | 21 | 38.6% | ±7.6% |
| 2026-11-20 | 28 | 35.0% | ±7.9% |
| 2026-11-27 | 35 | 34.0% | ±8.6% |
| 2026-12-04 | 42 | 33.1% | ±9.1% |
| 2026-12-18 | 56 | 31.4% | ±10.0% |
| 2027-02-19 | 119 | 31.6% | ±14.6% |