10 Best Growth Stocks to Buy for the Next Decade

8. Ferrari (NYSE:RACE)

Ferrari (NYSE:RACE) is one of the best growth stocks to buy for the next decade. On April 7, Ferrari released a periodic report regarding its initial €250 million tranche of a larger €3.5 billion multi-year share buyback program expected to conclude by 2030. Between March 30 and April 2, the company purchased 51,193 common shares across the Euronext Milan and New York Stock Exchange for a total consideration of €14,831,144.42. These daily transactions included a peak volume on April 2, where 22,193 shares were acquired at an average price of €294.13.

As of April 6, Ferrari has invested a total of €187,515,724.80 for 636,993 shares on the EXM and $51,496,949.38 for 151,800 shares on the NYSE under this first tranche. Since the full multi-year program began on January 5, the company has repurchased a total of 788,793 of its own common shares. The total consideration for these year-to-date acquisitions, which include Sell-to-Cover transactions, amounts to €232,058,803.48.

The company currently holds 17,433,399 common shares in treasury, representing 8.99% of its total issued common shares. When factoring in special voting shares, Ferrari’s (NYSE:RACE) treasury holdings account for 9.38% of the total issued share capital. Detailed transaction logs and comprehensive program overviews remain accessible via the Buyback Programs section of the company’s corporate website.

Ferrari (NYSE:RACE) is an auto manufacturer that deals in luxury performance sports cars. The company primarily provides sports, track, one-off, road cars, and supercars, along with spare parts and engines.