The shares of luxury carmakers are riding high on the stock market at the moment \u2013 in the truest sense of the word. Ferrari stock has risen to USD 329 this year, marking a new all-time high. When it was listed in New York in 2015, each share cost only USD 52. This year alone the share price with the ticker symbol \u201cRACE\u201d has appreciated more than 40%. Porsche has still risen in price by almost a fifth since New Year\u2019s Eve, while Mercedes-Benz is just behind it at 17%. All three stocks performed much better in 2023 than the market as a whole, then. If the analysts at UBS are to be believed, they have not yet reached their peak. In the car universe, the big bank gives the luxury and high-end marques the edge over volume-oriented manufacturers because of their pricing power and their strong market positioning.<\/p>\n
Ferrari, Porsche and Mercedes-Benz are also on the \u201cMost Preferred\u201d list of UBS. In the view of the experts, the Italian motor racing specialist offers a unique business model which enhances its price clout and attractiveness. In view of the strong results in the opening quarter and the further upward potential of the financial forecast for the year as a whole, the experts see scope for the share to outperform. It's a similar story with Porsche. Alongside solid earnings and cashflow growth, UBS also likes the route being taken towards electrification. For Mercedes-Benz, the research team emphasises the dividend increase and a share buyback programme to the value of EURbn 4, among other factors. Since the order book continues to be well filled and the company looks set to post further sequential growth over 2023, this could probably help the share outperform.<\/p>\n