Shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) were down 2.2% during trading on Wednesday . The company traded as low as $16.14 and last traded at $16.33. 18,313,020 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 31,600,193 shares. The stock had previously closed at $16.69.
Key Headlines Impacting Rivian Automotive
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian reported second-quarter revenue of $1.66 billion, up 27.2% year over year and above the approximately $1.52 billion analyst estimate. Its adjusted loss of $0.47 per share was narrower than the expected $0.65 loss and substantially better than the year-ago loss. Rivian beats quarterly revenue estimates
- Positive Sentiment: The company began external deliveries of its lower-priced R2 SUV in June, said demand and customer conversion rates are exceeding internal expectations, and maintained its 65,000-to-70,000-vehicle delivery target while raising its full-year outlook. R2 is viewed as critical to expanding Rivian’s addressable market and improving its path to profitability. R2 ramp drives record growth
- Positive Sentiment: Rivian reduced its 2026 spending plans and reported gains in software revenue, supported in part by its Volkswagen partnership. Needham reaffirmed a Buy rating with a $23 price target, while TD Cowen raised its target to $21 and retained a Buy rating. Rivian reduces 2026 spending plans
- Neutral Sentiment: Analyst views remain divided: Wells Fargo raised its target to $16 with an Equal Weight rating, while Morgan Stanley lifted its target to $14 but maintained an Underweight rating, implying downside from recent levels. Analyst price-target changes
- Negative Sentiment: The earnings beat did not resolve concerns about weak automotive margins, ongoing substantial losses, cash needs, and intense competition. CEO RJ Scaringe acknowledged that Chinese EV makers benefit from a much lower capital-cost structure, underscoring the competitive pressure facing Rivian. What’s going on with Rivian stock
Wall Street Analysts Forecast Growth
RIVN has been the topic of a number of analyst reports. TD Cowen upped their target price on shares of Rivian Automotive from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson boosted their price target on shares of Rivian Automotive from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price target on shares of Rivian Automotive in a report on Friday. Canaccord Genuity Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Rivian Automotive in a research report on Monday, April 6th. Finally, UBS Group lifted their price objective on Rivian Automotive from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.10.
Rivian Automotive Trading Down 7.7%
The firm has a market capitalization of $21.14 billion, a P/E ratio of -5.33 and a beta of 1.60. The company has a quick ratio of 1.64, a current ratio of 2.10 and a debt-to-equity ratio of 1.00. The firm’s 50-day simple moving average is $16.56 and its 200-day simple moving average is $15.89.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.05. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 75.65%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm earned ($0.48) EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts anticipate that Rivian Automotive, Inc. will post -3.06 EPS for the current year.
Insider Activity at Rivian Automotive
In other Rivian Automotive news, Director Karen Boone sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the sale, the director owned 110,000 shares in the company, valued at $2,200,000. This trade represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of Rivian Automotive stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $15.00, for a total value of $522,270.00. Following the sale, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at approximately $13,834,290. This trade represents a 3.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,385 shares of company stock valued at $1,125,094 over the last 90 days. 1.48% of the stock is owned by insiders.
Institutional Trading of Rivian Automotive
A number of hedge funds have recently bought and sold shares of the company. Danske Bank A S raised its position in Rivian Automotive by 36.8% in the 4th quarter. Danske Bank A S now owns 613,993 shares of the electric vehicle automaker’s stock worth $12,102,000 after purchasing an additional 165,300 shares during the period. Trek Financial LLC purchased a new stake in Rivian Automotive during the fourth quarter valued at about $6,115,000. Independent Financial Group LLC purchased a new stake in Rivian Automotive during the first quarter valued at about $985,000. Swedbank AB grew its stake in shares of Rivian Automotive by 8.6% during the fourth quarter. Swedbank AB now owns 941,304 shares of the electric vehicle automaker’s stock valued at $18,553,000 after buying an additional 74,322 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Rivian Automotive by 34.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 348,800 shares of the electric vehicle automaker’s stock worth $5,249,000 after buying an additional 90,200 shares during the period. Institutional investors own 66.25% of the company’s stock.
Rivian Automotive Company Profile
Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.
Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.
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