Ferrari N.V. (RACE) Stock: Holds Forecasts as Q125 Earnings Rise and EV Debut Nears

TLDR

Ferrari stock at $474.93, up 1.82% in early trading May 6 Q1 core earnings rose 13% to €693 million, topping estimates 2025 EBITDA seen at minimum €2.68 billion despite tariff hit U.S. tariffs expected to shave 50 basis points from 2025 margins Ferrari’s first electric car to debut in October 2025

Ferrari N.V. (NYSE: RACE) stock climbed 1.82% to $474.93 in early trading on May 6, after the Italian automaker confirmed its full-year forecasts despite rising risks from U.S. tariffs. The company reported a solid 13% rise in first-quarter core earnings and maintained its 2025 profit outlook, standing out among global rivals that have recently pulled guidance. Ferrari’s strong results were driven by a richer model mix and steady demand, even as shipments held flat.

Ferrari N.V. (RACE) 

Forecast Stands Despite Tariff Concerns

While many automakers, including Ford and Stellantis, have suspended their outlooks citing uncertainty around President Trump’s 25% auto tariffs, Ferrari reaffirmed its targets. The luxury carmaker expects 2025 core earnings before interest, taxes, depreciation and amortization (EBITDA) of at least €2.68 billion ($3.04 billion) with margins of at least 38.3%.

In Q1 Ferrari's revenue increased 13%, EBIT up 23%, and EPS up 18%. Free cash flow of €620 million.
Ferrari has a MCap of $83 billion. Stock is up 199% in the last 5 years. pic.twitter.com/LjKui1MGpY

— AJ (@alojoh) May 6, 2025

However, Ferrari acknowledged tariffs could dent 2025 margins by about 50 basis points. Still, Bernstein analysts highlighted the company’s guidance as a show of confidence, setting it apart from peers facing deeper disruptions. Shares reversed early losses to rise after the results.

Strong Q1 Driven by High-End Models

Ferrari posted first-quarter core earnings of €693 million, up 13% year-on-year and slightly ahead of the €689 million consensus forecast. The earnings growth came from higher-priced models such as the SF90XX, the new 12Cilindri, and the 499P Modificata. Demand for customized options and robust sales in the Americas also bolstered profitability.

The company shipped 3,593 cars in the quarter, little changed from a year ago, but profitability remained solid thanks to the premium product mix. CEO Benedetto Vigna emphasized the brand’s strength, saying Ferrari continues to enrich its lineup while maintaining healthy margins.

EV Debut Set for October

Ferrari is preparing for a major milestone with the launch of its first fully electric car, expected in early October 2025. The move marks the luxury marque’s entry into the EV space amid broader industry shifts.

Last week, Ferrari introduced the 296 Speciale plug-in hybrid and its convertible version, as part of a plan to unveil six new models this year. These efforts aim to sustain momentum and diversify offerings while managing global trade pressures.

Ferrari’s earnings date is today, May 6, 2025, and the company carries a forward dividend yield of 0.73%, with an ex-dividend date of April 23. Despite tariff risks, Ferrari’s year-to-date return stands at 10.92%, slightly trailing Italy’s FTSE MIB index, but its three-year and five-year gains remain well ahead of the benchmark.

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