Previous Close | 39.65 |
Open | 28.38 |
Bid | 25.50 |
Ask | 30.10 |
Strike | 330.00 |
Expire Date | 2023-12-15 |
Day's Range | 28.38 - 28.38 |
Contract Range | N/A |
Volume | |
Open Interest | 198 |
Savvy investors have enjoyed Ferrari's gains over the past few years, but many mistakenly brush this luxury company aside.
While Ferrari's (NYSE: RACE) vehicles and its iconic logo are well known, the stock is often overlooked by investors as it sits in the capital-intensive and historically low-margin automotive industry. Let's start with an eye-catching statistic: Ferrari's operating margin is nearly 3 times higher than other automakers'. In fact, Ferrari's operating margin typically hovers between 25% and 30%, while most automakers struggle to top 10%.
The company is the highest-margin car company in the world