Ferrari NV shares surged 5.01% in pre-market trading, driven by a powerful combination of electrification momentum and an upbeat earnings outlook.

The luxury automaker’s first pure-electric four-door sedan, Luce, achieved its full-year sales target of fewer than 500 units within just two months of launch, with robust demand from the Chinese market providing the core catalyst. This early success underscores strong consumer appetite for Ferrari’s push into the EV segment.

Simultaneously, the company released its latest quarterly results and raised its full-year guidance, projecting adjusted EBITDA of at least 2.97 billion euros, aligning with market expectations. The move reinforced confidence among analysts, with UBS, Morgan Stanley, and Bank of America all maintaining favorable ratings and elevated price targets.