Ferrari N.V. (RACE) is rallying after the company released a new periodic report on its ongoing share repurchase activity. The April 7, 2026 update reiterated that purchases are being executed under the €250 million buyback program announced December 16, 2025, which represents the first tranche of a multi-year repurchase plan of about €3.5 billion expected to be executed by 2030.

In the same update, Ferrari said that as of April 6, 2026 it held 17,433,399 common shares in treasury (net of shares assigned under equity incentive plans), representing 8.99% of total issued common shares. The disclosure keeps focus on the company’s shrinking share count and the durability of its capital-return framework, which can support per-share metrics even when overall auto volumes are intentionally constrained.

A company-confirmed repurchase cadence can act as a near-term technical tailwind, especially when paired with Ferrari’s strategy of prioritizing price/mix and brand exclusivity over maximizing unit growth. With the first-tranche program actively running in-market, traders often treat periodic updates as incremental confirmation that the bid remains in place, helping explain the size of today’s move.