Ferrari $RACE+0.1% reported record results for Q3 2023. Sales reached 1.54 billion euros ($1.55 billion), up 23.5% year-over-year. Vehicle deliveries were up 8.5% year-over-year. Adjusted EBIT was €423 million ($426 million), up 41.6% year-on-year. Adjusted net profit was 332 million euros ($334 million), up 45.7%. Holt is probably getting more people who can/want to afford it. I find their stock expensive too :D
Ferrari N.V.
RACECapital Structure
Market Cap
76.1B
Enterpr. Val.
71.3B
Valuation
P/E
54.3
P/S
11.4
absolutely right my dear this is really good information about ferrari
https://www.trippybug.com/can-you-bring-creatine-on-a-plane/
The last two sentences are absolutely true. There are more people who buy Ferrari and the company's stock is quite expensive and I won't buy it.
Luxury car companies are doing great and will continue to do so. Hence the premium on the stock, which I'm certainly not willing to pay. 😃