Thats an E30 M3 Sport Evo - the last of the line, the fastest, rarest and most expensive.
Only came in black or red, larger capacity engine at 2.5 litres, 238bhp, adjustable splitters front and rear, lightweight panels, model specific wheels, bucket seats, suede steering wheel & gearknob, etc, etc.
Used to have an E30 M3 Evo 2 a good number of years back, a truly great car with an amazing chassis.