Ferrari NV said May 20 that it has bought back €2.84 million worth of shares as part of the share repurchase program it announced Dec. 28, 2018.

The Italian automaker repurchased a total of 22,775 shares from May 13 to May 17.

Ferrari has so far repurchased €72.9 million worth of shares under the program to buy back €1.5 billion of its common stock by 2022.