how can i buy ferrari stock (RACE)

How to buy Ferrari stock (RACE)

Introduction

If you’re searching for how can i buy ferrari stock, this guide will walk you through the full process in clear, beginner-friendly steps. You’ll learn what Ferrari N.V. (ticker: RACE) is, where its shares trade, how to pick a brokerage or platform (including Bitget for global access), step-by-step instructions to place a trade, typical costs and tax considerations, and where to find reliable company and market data for due diligence.

This article covers both practical execution (account setup, funding, order types) and higher-level considerations (share classes, shareholder rights, cross-border trading and risks). It’s informational only — verify broker-specific details and consult a licensed financial or tax advisor about your personal situation.

Ferrari stock at a glance

• Company: Ferrari N.V. (the luxury sports-car maker headquartered in Maranello, Italy; listed as a public company).
• Primary ticker: RACE.
• Exchanges: RACE trades on multiple venues; see the next section for details.
• Trading currencies: USD and EUR depending on the venue.
• Share classes: common shares and special voting shares exist — Ferrari uses a dual-class-like structure and has a loyalty voting program; see "Corporate structure and shareholder rights" below.
• Dividend policy: Ferrari has historically paid dividends and sometimes authorizes buybacks; dividend programs can change by board resolution.

As of 2024-06-01, according to MarketWatch, Ferrari’s market capitalization and typical daily trading volume placed it among mid‑to‑large cap automotive/luxury peers — please check the latest quote page for current market cap, float and average daily volume before trading.

Where Ferrari shares trade

Ferrari’s equity is cross-listed, which means the same economic ownership can trade on more than one exchange:

• New York Stock Exchange (NYSE) — ticker RACE, trading in US dollars for U.S.-listed shares.
• Euronext Milan (Italy) — ticker RACE or RACE:IM for instrument identification, trading in euros.

When a company is cross-listed, pricing reflects the same underlying company adjusted for currency differences, local supply/demand, and trading hours. Broker platforms may display tickers with exchange suffixes (for example, RACE:US or RACE:IM) to indicate the venue. If you ask "how can i buy ferrari stock" you should confirm whether your broker will route your order to the NYSE (USD) or to Euronext Milan (EUR) and whether any currency conversion will apply.

Choosing a brokerage or trading platform

Before answering how can i buy ferrari stock through a particular provider, pick a broker with the features that matter to you:

Key selection criteria

• Commission and fee structure: commission-free U.S. equity trading is common with many brokers, but cross-border trades or currency conversions often carry fees.
• Fractional shares availability: if you want to invest small amounts, fractional share support matters.
• Market access: ensure the broker supports trading on NYSE and/or Euronext Milan if you prefer a specific venue.
• Currency conversion: check FX fees and conversion rates when buying on a foreign exchange.
• Regulation and security: choose regulated brokers with deposit protections appropriate to your jurisdiction; note protections vary by country.
• User interface and support: ease of order entry, research tools, and customer support are practical differentiators.
• Deposit and withdrawal options: ACH/bank transfer, wire, debit card and local payment methods can affect speed and cost.

When considering platforms, also look for custody safeguards and clear operational terms (settlement, corporate action communications, dividend handling).

Examples of popular platforms

• Public and Robinhood-like retail brokers: often emphasize commission-free U.S. stock trading, easy onboarding and fractional shares. They may restrict or not support direct trading on non‑U.S. exchanges (Euronext Milan) — check if they provide access or ADRs for RACE.

• eToro-style platforms: can provide multi-market access and social features; fees vary by region and some platforms bundle spreads into pricing.

• Specialist research sites (WallStreetZen and similar): useful for idea generation and analyst summaries; not brokerages but valuable for due diligence.

• Bitget: recommended in this guide as a global trading venue that supports spot equities or tokenized equity products where available, plus integration with Bitget Wallet for custody. If you prefer a broker that supports cross-border access and web3-native features, consider Bitget’s trading services and wallet solutions — verify whether the specific fiat/venue option you need (NYSE or Euronext) is supported in your region.

Note: platform availability and product sets differ by jurisdiction. When you search "how can i buy ferrari stock," confirm whether your chosen platform supports the exchange and currency you prefer.

Step-by-step process to buy Ferrari stock

This section answers "how can i buy ferrari stock" with concrete, sequential steps from account setup through trade management.

1. Decide which listing you want to buy: NYSE (USD) or Euronext Milan (EUR).
2. Choose a suitable broker or trading platform that offers that venue or an alternative route (ADRs, ETFs, tokenized shares).
3. Open and verify your brokerage account.
4. Fund the account, accounting for any needed currency conversion.
5. Search for RACE (confirm the ticker and exchange displayed).
6. Select order type and size; submit the order.
7. Confirm the trade and monitor settlement and your holdings.

Account opening and verification

• Typical requirements: government ID (passport or driver’s license), proof of address (utility bill or bank statement), personal information (tax ID, date of birth, citizenship/residency).
• Timeline: many brokers verify accounts within 1–3 business days; some approve instantly for basic accounts, longer if manual review is required.
• For non‑U.S. residents, additional forms (e.g., W-8BEN for U.S. tax withholding) may be requested.

Funding your account

• Common methods: bank transfer (ACH in the U.S.), wire transfer, debit card (where supported), or in some cases local payment rails.
• Currency conversion: if you fund in a currency different from the trading venue (e.g., EUR for NYSE USD trades), the broker will convert funds and may charge FX fees. Check live conversion rates and platform FX spreads.
• Timing: bank transfers and ACH can take 1–5 business days; wires are often faster but cost more.

Placing an order

When you’re ready to answer "how can i buy ferrari stock" on the platform:

• Search the broker’s quote tool for RACE and confirm the correct exchange and currency.
• Order types:
  • Market order: executes at the next available price — use for speed but be mindful of price slippage.
  • Limit order: sets a maximum (buy) or minimum (sell) price — use to control execution price.
  • Stop/stop-limit: tools for risk management (see "Order types, fractional shares and minimums").
• Size and fractional shares: if your broker supports fractional shares you can buy part of a RACE share; otherwise you must buy whole shares.
• Estimated settlement: in most equities markets settlement is T+2 (trade date plus two business days), meaning the trade becomes final then.

Confirming and managing the trade

• Order confirmations: brokers provide a trade confirmation with execution price, size, fees and settlement date.
• Where to view holdings: portfolio page, account statements and trade history.
• Ongoing actions: set alerts or add RACE to a watchlist, consider limit orders to add to your position, and monitor corporate actions such as dividends or splits.

Order types, fractional shares and minimums

• Market order: fast execution, price uncertainty in volatile markets.
• Limit order: sets execution price; unexecuted orders may remain open until canceled or end of day.
• Stop order: triggers a market order once a stop price is hit.
• Stop-limit: triggers a limit order once stop price is hit.

Fractional shares

• Many modern retail brokers offer fractional shares so investors can buy a portion of a high-priced stock. Availability varies: some brokers allow fractional buying for U.S.-listed shares (RACE on NYSE) but not for foreign-listed shares on Euronext Milan.
• If fractional shares are not available, you must buy a whole share — check the minimum order sizes and any platform-specific limits.

Minimums and lot sizes

• Some exchanges or brokers may have minimum order sizes or lot requirements for certain markets. Always check the broker’s product documentation if you plan cross-border or institutional-sized trades.

Costs and fees

When considering how can i buy ferrari stock, understand the cost components that affect your total transaction cost:

• Commissions: many U.S. brokers offer commission-free trading on U.S. equities, but fees may apply for international trades or account services.
• Bid-ask spread: the market’s quoted buy/sell difference — tighter spreads generally reduce implicit trading cost.
• Currency conversion fees: if trading on a venue denominated in another currency, FX fees or spreads will apply.
• Wire and transfer fees: wires for funding or withdrawals can add to costs.
• Platform-specific charges: inactivity fees, account maintenance or transfer-out fees may apply.

Tax withholding and dividend handling for non‑residents

• U.S. dividends paid to non‑U.S. persons are commonly subject to withholding tax (often 30% but reduced by tax treaties — W-8BEN is used to claim treaty rates).
• For dividends paid by Ferrari (an Italy-based company), local withholding rules apply when paid on the Euronext listing; when receiving dividends from U.S.-listed ADRs or U.S. brokers, different withholding rules may apply.
• Always submit the correct tax residency documentation (e.g., W-8BEN) to ensure proper withholding treatment.

Legal, regulatory and settlement considerations

• Trading hours:
  • NYSE: regular U.S. market hours apply (typically 09:30–16:00 ET) with pre- and post-market sessions varying by broker.
  • Euronext Milan: local European market hours (typically 09:00–17:30 CET) — check local daylight saving changes.
• Settlement: most common settlement is T+2 for equities, meaning that trade finalization and transfer of cash/shares occur two business days after the trade date.
• Regulatory protections: some jurisdictions provide deposit protections (for example, SIPC in the U.S. covers certain brokerage cash and securities up to specific limits) — protections and coverage vary; verify with your broker.
• Cross-border execution: when a broker routes orders to foreign venues, execution speed, market access and custody arrangements differ. Custody of foreign shares may be via nominee structures or local custodians — check terms and reporting.

Corporate structure and shareholder rights

Ferrari’s corporate governance includes nuances that matter to shareholders:

• Share classes and voting: Ferrari has common shares and special voting shares and has used loyalty voting mechanisms that reward long-term ownership with additional voting rights. This can affect voting control dynamics.
• Major shareholders: large institutional and strategic holders may influence corporate decisions; check the latest investor relations materials and filings for the identities and stakes of major shareholders.
• Buybacks and dividends: Ferrari’s board may authorize share repurchase programs and dividend distributions; monitor official company disclosures for updates.

All shareholders should read the investor relations materials and filings to understand rights tied to each share class and any restrictions on transfer or voting.

Research and due diligence before buying

Before answering "how can i buy ferrari stock," perform due diligence using authoritative sources:

• Ferrari investor relations: the company’s investor relations page publishes annual reports, presentations, press releases and corporate governance documents.
• SEC filings: for the U.S. listing, review filings such as Form 20‑F (annual report for foreign private issuers) and the IPO prospectus/Form F‑1 historical filings to understand financials, risk factors and corporate disclosures.
• Financial data portals: quote pages provide market cap, P/E ratio, revenue, EPS, dividend yield and historical price data. Confirm the date of any data you use.
• Broker research and analyst reports: review sell-side and independent analyst notes if available.
• News coverage: monitor recent news for product launches, partnerships, regulatory changes and macro factors affecting demand for luxury vehicles.

Key metrics to review

• Revenue and revenue growth: top-line trends show demand for cars and related services.
• Earnings per share (EPS) and margins: margin trends reveal profitability dynamics.
• P/E and valuation multiples: compare Ferrari to peers and historical ranges.
• Free cash flow and balance sheet strength: liquidity and leverage are key for capital allocation.
• Unit sales, average selling price (ASP) and mix: for auto manufacturers, volume and ASP drive revenue.

As of 2024-06-01, according to company disclosures and market data, check the most recent quarterly report for up-to-date revenue, EPS, and guidance figures before making a decision.

Alternatives to owning direct shares

If direct ownership of RACE isn’t feasible or desirable, consider alternative exposures:

• Fractional shares: many brokers offer fractional ownership of U.S.-listed shares, giving exposure with smaller capital.
• ADRs: where available, American Depositary Receipts can provide U.S. dollar-based exposure to foreign shares; confirm whether RACE ADRs exist in your market.
• ETFs: some ETFs focus on luxury goods, autos, or industrials that may hold Ferrari as a component — ETFs offer diversification.
• CFDs and derivatives: Contracts for difference (CFDs), options or futures provide speculative exposure but carry higher risk and are not available in all jurisdictions. CFDs often allow leverage and short positions; they are not ownership of the underlying stock.
• Investment funds: mutual funds or trusts that hold automotive or luxury sector equities can give indirect exposure and professional management.

Each alternative has different fee structures, tax implications and risk profiles — evaluate what matches your goals.

Risks and considerations

When you research how can i buy ferrari stock, be mindful of the following risks:

• Business risk: cyclicality of automotive demand, shifts in consumer preferences, competitive pressures and technological change (EV transition) affect Ferrari.
• Market risk: equity prices move with market sentiment, macroeconomic conditions and interest rates.
• Currency risk: cross-listed shares traded in EUR or USD are subject to currency fluctuations for investors whose base currency differs.
• Liquidity risk: while RACE is generally liquid on major exchanges, liquidity can narrow in volatile markets or certain hours.
• Regulatory risk: changing emissions rules, trade policies or taxation can affect automakers’ operations.
• Country risk: listing venue and domicile create jurisdictional legal and tax considerations.

This guide is informational and not personalized investment advice. We do not recommend or endorse buying or selling any security.

Taxes and reporting

Basic tax considerations if you own Ferrari shares:

• Capital gains tax: profits from selling shares are typically subject to capital gains tax in your tax residence; rates and holding period rules differ by country.
• Dividend taxation: dividends are taxable and may be subject to withholding in the company’s domicile or the listing jurisdiction; tax treaties can reduce withholding if proper forms are filed.
• Reporting: maintain records of purchase price, sale proceeds, dividends received and taxes withheld for accurate tax reporting.

Because tax rules vary widely, consult a tax professional about your residency and double-taxation relief.

How to monitor and manage your Ferrari investment

Best practices for ongoing management:

• Set price alerts and news alerts for significant corporate announcements.
• Add RACE to a watchlist and periodically review financial results and guidance.
• Use limit orders and stop-loss orders to manage entry and exit discipline.
• Rebalance holdings periodically to maintain desired asset allocation.
• Track dividend dates, record dates, and any corporate action notices from your broker.

If you use Bitget, you can integrate Bitget Wallet for custody and explore platform alerts and order tools — verify which order types and post-trade services are available for RACE in your region.

Frequently asked questions (FAQ)

Q: How do I find the RACE ticker? A: Search for "RACE" on your broker’s quote tool and confirm the exchange (NYSE for USD, Euronext Milan for EUR). If the platform shows an exchange suffix (e.g., RACE:IM), confirm that matches your intended venue.

Q: Can I buy fractional shares of RACE? A: It depends on your broker. Many U.S. retail brokers allow fractional purchases of shares listed on U.S. markets (RACE on NYSE). Fractional trading on foreign listings is less common — check your platform’s capabilities.

Q: What are the trading hours for RACE? A: On NYSE, regular trading hours are typically 09:30–16:00 ET. On Euronext Milan, standard hours are usually 09:00–17:30 CET. Pre/post-market sessions vary by broker.

Q: Where do I find official filings for Ferrari? A: Ferrari’s investor relations site publishes annual reports and investor presentations. For U.S. regulatory filings, look for Form 20‑F and historical prospectuses (Form F‑1) filed with the U.S. Securities and Exchange Commission.

Q: Will dividends be taxed for non‑residents? A: Yes — dividends paid to non‑resident shareholders may be subject to withholding tax per local rules and treaties. Submit required tax residency forms (e.g., W‑8BEN) to the broker where applicable.

Resources and references

• Ferrari investor relations: official company reports, presentations and press releases (check the investor relations section on Ferrari’s official corporate site).
• SEC filings: Form 20‑F, prospectus/Form F‑1 and other filings available from the U.S. Securities and Exchange Commission.
• Market data portals (for quotes, market cap, volume and financial ratios): consult reputable financial data providers’ quote pages and company financials.
• Brokerage help pages: check the help and support sections of brokers you consider (account opening, funding, order types, tax forms).
• Independent research providers and equity analyst reports for idea generation and deeper financial modeling.

As of 2024-06-01, according to MarketWatch, Ferrari’s market capitalization and typical liquidity metrics placed it within large-cap luxury/auto peers — always verify the current numbers before trading.

Appendix / Glossary

• Market order: an order to buy or sell immediately at the best available price.
• Limit order: an order to buy or sell at a specific price or better.
• Fractional share: part of a single share, allowing smaller investments in high-priced stocks.
• Settlement period (T+2): the trade date plus two business days is the settlement standard for many equities.
• Withholding tax: tax retained at source on dividends or other payments to foreign investors.

Notes and disclaimers

This article is informational and not personalized investment advice. It explains how can i buy ferrari stock in practical terms but does not recommend buying or selling. Platform features, fees and regulatory protections vary by jurisdiction and over time — verify all broker-specific and legal details directly with the provider and consult a licensed financial or tax advisor for personalized guidance.

Next steps — further reading and actions

If you want to try buying RACE:

• Confirm whether you want the NYSE (USD) or Euronext Milan (EUR) listing.
• Select and open an account with a broker that supports that venue — consider Bitget for global access and Bitget Wallet for custody if those services are available in your jurisdiction.
• Gather ID and tax-residency documents (e.g., W‑8BEN for non‑U.S. residents).
• Fund your account and place a limit or market order for RACE, being mindful of fees and FX conversion if applicable.

Explore Bitget’s platform features and wallet solutions to see if they match your needs for cross‑border access and custody (confirm RACE availability on the platform and applicable local terms). Good preparation and verified, up‑to‑date data will make the process smoother as you answer "how can i buy ferrari stock" and take your next steps.

Article last reviewed: 2024-06-01. Data points such as market capitalization, average daily volume and dividend policies change over time; always check the latest company filings and market quotes before trading.