Ferrari is trading higher as investors focus on the company’s ongoing share repurchase activity. Ferrari said it completed the first €250 million tranche of its multi-year share buyback program and initiated a second tranche of up to €250 million beginning April 13, 2026, extending repurchase support into late summer.

From the January 5, 2026 start of the multi-year program through April 9, 2026, Ferrari reported total repurchases of 850,054 common shares for total consideration of about €250.0 million. Ferrari also reported that, as of April 9, 2026, it held 17,494,660 common shares in treasury (net of shares assigned under equity incentive plans), or about 9.02% of total issued shares.

A fresh tranche of authorized repurchases can act as a near-term technical tailwind by adding an incremental buyer to the market and signaling management’s confidence in cash generation and shareholder returns. With the second tranche scheduled to run from April 13, 2026 through no later than August 28, 2026, investors may view ongoing buybacks as a stabilizer during periods of broader market volatility.