Ferrari N.V. $RACE Stock: TD Waterhouse Canada Inc. Grows Position

TD Waterhouse Canada Inc. increased its position in shares of Ferrari N.V. (NYSE:RACE) by 111.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,773 shares of the company’s stock after buying an additional 47,915 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ferrari were worth $35,128,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of Ferrari during the second quarter worth approximately $952,874,000. Deutsche Bank AG purchased a new stake in Ferrari in the 2nd quarter valued at $413,209,000. The Manufacturers Life Insurance Company purchased a new stake in Ferrari in the 2nd quarter valued at $388,816,000. Legal & General Group Plc purchased a new stake in Ferrari in the 2nd quarter valued at $322,208,000. Finally, Bank of America Corp DE purchased a new stake in Ferrari in the 2nd quarter valued at $311,400,000.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will release its third-quarter 2026 financial results on November 3, 2026. The event gives investors a near-term catalyst to assess vehicle deliveries, pricing, order backlogs, margins and management’s outlook. Ferrari third-quarter results announcement
• Positive Sentiment: Strong collector demand for limited-production Ferraris was highlighted ahead of Broad Arrow’s Las Vegas and Zürich auctions. Featured models include a Daytona SP3 estimated at $16 million-$18 million and LaFerrari and Enzo models valued in the multimillion-dollar range. The results support Ferrari’s brand strength and residual values, although the auctions are conducted by Hagerty’s Broad Arrow business and do not represent direct material revenue for Ferrari. Broad Arrow Ferrari auctions
• Neutral Sentiment: Ferrari’s Formula 1 team reportedly split its Singapore Grand Prix strategy, with Lewis Hamilton receiving the less favorable approach. The story may influence short-term brand sentiment, but it is unlikely to have a significant direct effect on Ferrari N.V.’s financial results. Ferrari Singapore strategy report
• Neutral Sentiment: Ferrari promoted junior driver Rafael Câmara to an F1 reserve-driver role and is placing another junior driver with Haas. These developments reinforce Ferrari’s motorsport pipeline but have limited immediate earnings implications. Ferrari junior driver report

Ferrari Stock Down 0.3%

Ferrari stock opened at $396.99 on Friday. The stock has a 50 day moving average of $407.16 and a two-hundred day moving average of $375.59. Ferrari N.V. has a twelve month low of $312.51 and a twelve month high of $437.15. The stock has a market capitalization of $92.88 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 3.42 and a beta of 0.93. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE) last released its earnings results on Friday, July 31st. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.16. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.14 billion. Ferrari had a return on equity of 42.83% and a net margin of 22.29%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 earnings per share. As a group, research analysts expect that Ferrari N.V. will post 11.16 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on RACE. Royal Bank Of Canada reiterated a “buy” rating on shares of Ferrari in a research note on Monday, September 21st. Morgan Stanley dropped their price objective on shares of Ferrari from $460.00 to $456.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Needham & Company LLC upgraded shares of Ferrari to a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ferrari in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Ferrari in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ferrari has an average rating of “Moderate Buy” and a consensus target price of $456.71.

About Ferrari

Ferrari N.V. is an Italian luxury automotive company that designs, develops, manufactures and sells high-performance sports cars. Its vehicle portfolio includes grand touring models, mid- and rear-engine sports cars, limited-edition special series and high-performance supercars. Ferrari also offers extensive personalization options, allowing customers to tailor vehicle specifications, materials and finishes.

The company traces its origins to 1939, when Enzo Ferrari established Auto Avio Costruzioni, and it produced its first Ferrari-badged car in 1947.