Ferrari NV stock, traded under the ticker symbol RACE on the New York Stock Exchange, represents ownership in the Italian luxury sports car manufacturer. The company went public in 2015, offering shares to global investors while maintaining majority control by the Ferrari family and Exor Group.
Ferrari NV operates as a holding company for the Ferrari brand, managing design, production, sales, and motorsports activities. Its primary business is manufacturing high-performance vehicles and related accessories. The company's revenue streams include vehicle sales, licensing, and motorsport sponsorships. As of Q1 2024, Ferrari reported net income of €648 million, reflecting a 12% increase from the prior year.
Investors who buy ferrari nv stock gain exposure to a premium automotive brand with consistent demand and limited production runs. The company produces approximately 10,000 vehicles annually, with models like the SF90 Stradale and 296 GTB commanding prices above $400,000. This scarcity supports strong profit margins-Ferrari's gross margin was 78% in 2023, among the highest in the global auto sector.
Ferrari NV stock trades on the NYSE under the ticker RACE. Shareholders receive dividends based on annual profits, though the company has historically reinvested earnings into product development and factory expansion. In 2023, Ferrari paid a €0.30 per share dividend, equivalent to a 1.2% yield at the year-end stock price.
The company's governance structure includes a board of directors elected by shareholders. Major decisions, such as capital expenditures and executive appointments, require shareholder approval. Ferrari NV is headquartered in Maranello, Italy, and reports financial results in euros. U.S. investors must convert earnings to USD for tax reporting purposes.
A notable distinction: Ferrari NV is not the same entity as Ferrari S.p.A., which handles manufacturing and logistics. Ferrari NV owns the brand, trademarks, and intellectual property. This separation allows the parent company to focus on strategic growth while outsourcing operational risks.
There are two main ways to invest in ferrari nv stock: direct purchase through a brokerage account or via exchange-traded funds (ETFs) that hold RACE shares. Direct ownership gives full voting rights and eligibility for dividends. ETFs offer diversification but do not grant voting power.
| Ownership Type | Ticker | Voting Rights | Dividend Access | Minimum Investment |
|---|---|---|---|---|
| Direct Shares (NYSE) | RACE | Yes | Yes | One share ($220 as of June 2024) |
| ETFs (e.g., SPDR S&P 500 ETF) | S&P 500 index | No | Indirect | One share ($500 average) |
For U.S.-based investors, purchasing ferrari nv stock requires a brokerage account with access to international markets. Most major platforms-Fidelity, Charles Schwab, and Interactive Brokers-offer RACE trading with low fees. Minimum trade sizes start at one share, making it accessible even for small investors.
Non-U.S. investors may face currency conversion fees and tax withholding. The IRS applies a 15% withholding tax on dividends paid to foreign shareholders unless a tax treaty reduces it. Italy imposes a 26% capital gains tax on profits from selling RACE shares, effective January 2024.
Many assume ferrari nv stock is only available through European brokers. This is incorrect. RACE trades on the NYSE with U.S. settlement cycles and is eligible for inclusion in U.S. retirement accounts like IRAs. The stock is also listed on the Milan Stock Exchange under the same ticker, enabling cross-border trading.
Another error: believing that buying ferrari nv stock grants access to exclusive cars. While some shareholders report receiving invitations to test drives or events, there is no formal entitlement. The company does not allocate vehicles based on shareholding.
A less obvious fact: Ferrari NV's stock price is influenced by Formula 1 performance. In 2023, a win at the Monaco Grand Prix led to a 7% spike in RACE value within two days. The company's motorsport division contributes around 5% of annual revenue, but brand visibility from F1 success drives investor sentiment.
In April 2024, an investor opened a brokerage account with Interactive Brokers. They deposited $2,500 and placed a limit order to buy 10 shares of RACE at $215 per share. The order executed at $214.80. Over the next 90 days, the stock rose to $242 due to strong quarterly sales and a new model launch.
The investor held the shares for six months, receiving a €0.30 dividend during that period. After selling at $242, they realized a $278 profit before taxes and fees. The total return was 11.1%, including dividends.
This example shows that investing in ferrari nv stock involves standard equity risk-price volatility, macroeconomic shifts, and currency fluctuations-but offers long-term growth potential tied to brand strength and innovation.
Ferrari NV stock remains a niche but high-performing asset class. With consistent profitability, a loyal customer base, and global brand recognition, RACE continues to attract both retail and institutional buyers.