Previous Close | 48.70 |
Open | 48.60 |
Bid | 45.50 |
Ask | 46.50 |
Strike | 330.00 |
Expire Date | 2024-06-21 |
Day's Range | 48.60 - 48.90 |
Contract Range | N/A |
Volume | |
Open Interest | 27 |
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