Ferrari stock races higher on upbeat results as luxury automaker nets $115K in profit per car
Published On Feb 4, 2025, 10:53 AM
Ferrari's stock surged after the company reported earnings that exceeded expectations. In the fourth quarter, global sales rose by 14% year-over-year, reaching €1.74 billion ($1.8 billion), while adjusted earnings per share hit €2.14, surpassing analyst estimates. The automaker's profitability is impressive, with a profit of €111,000 ($115,000) per vehicle sold, driven by high-margin products such as SUVs and sportscars. Despite a decline in sales in China, demand remains robust, with a waitlist extending through 2026. The company also raised its revenue and EBITDA guidance for 2025, indicating continued strong performance.
Stock Forecasts
RACE
Positive
Ferrari's continued strong demand and exceptional profit margins suggest it will maintain a positive momentum in the stock market. The upward revision in guidance and notable profitability per car sold could attract investor interest, particularly as luxury spending remains resilient among wealthy consumers.
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