Ferrari $RACE-0.6% 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.
RACE
$356.99
-$1.97
-0.55%
Capital Structure
Market Cap
64.5B
Enterpr. Val.
60.8B
Valuation
P/E
50.2
P/S
10.2
Dividends
Yield
0.6%
Payout
1.8%
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.
I wouldn't buy that Ferrari, I'd rather buy a caravan for that money:D
What about a Taycan? 😁 $VOW3
What is your dream car or what is your favourite car company when it comes to cars?
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. 😃
I feel the same way. I think stocks will go up too, but they're expensive for me:D