Ferrari NV's stock price soared 5.39% during intraday trading on Wednesday.

The significant gain was driven by Ferrari's strong fourth-quarter financial results that exceeded market expectations. The company reported revenue that beat consensus estimates by 2%, while its adjusted EBIT margin of 28.5% surpassed expectations by 115 basis points. Ferrari also achieved a record average selling price of 440,000 euros in 2025 and an adjusted EBIT per vehicle of 155,000 euros, representing a 13% year-on-year increase.

Analysts noted that the results and guidance provide positive momentum for the stock, building confidence that Ferrari can exceed targets outlined during its recent capital markets day. The company's full-year guidance includes an adjusted EBIT margin of at least 29.5%, which compares favorably to the consensus estimate of 29.1%. Furthermore, while quarterly volumes declined, average revenue per unit increased by 8% quarter-on-quarter, primarily driven by higher shipments of special models, with the full benefit of the high-margin F80 model still to come.