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Ferrari's hot-rodded 488 GTB has arrived, and it's packing a mean punch.

Ferrari has introduced a hot-rodded, track-oriented evolution of the 488 GTB. It's called 488 Pista, not 488 GTO as earlier rumors claimed.

The Prancing Horse explains the 488 Pista (a name which means "track" in Italian) benefits from the lessons learned while competing in the FIA's World Endurance Championship, a series which includes the 24 Hours of Le Mans. It notably receives comprehensive aerodynamic upgrades including a model-specific s-shaped duct up front and a rear spoiler that's higher and longer. All told, the Pista generates 20 percent more downforce than the GTB.

The Pista features a stripped-down cabin to shed as much weight as possible. Peeking inside, we see a pair of bucket seat and the widespread use of bare carbon fiber. It weighs 2,821 pounds, which means it's nearly 200 pounds lighter than the model it's based on.

Power comes from an evolution of the twin-turbocharged 3.9-liter V8 engine found in the 488 GTB. It makes a mighty 720 horsepower at 8,000 rpm and 567 pound-feet of torque at 3,000 rpm. It's the most powerful V8 engine Ferrari has ever stuffed in a street-legal car.

The eight-cylinder helps the Pista hit 62 mph from a stop in 2.8 seconds, 124 mph from a stop in 7.6 seconds, and go on to a top speed of over 211 mph. It spins the rear wheels through a seven-speed automatic transmission. Trick software (including a function that adjusts the pressure of the brake calipers) helps drivers make the most of the Pista's power regardless of their skill level behind the wheel.

Pricing for the 488 Pista hasn't been released yet, but we guarantee it will be expensive.