Rivian Automotive (NASDAQ:RIVN) Stock Price Down 1.9% – What’s Next?

Posted by Brian Himes on Oct 29th, 2026

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) were down 1.9% during trading on Thursday. The stock traded as low as $11.38 and last traded at $11.45. 39,985,435 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 29,071,570 shares. The stock had previously closed at $11.67.

More Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

Positive Sentiment: Rivian beat Wall Street’s third-quarter earnings expectations as software revenue increased and R2 deliveries ramped. Management also improved its 2026 outlook for vehicle deliveries, adjusted pre-tax earnings and capital expenditures. Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise
Positive Sentiment: The R2 was Rivian’s best-selling vehicle during the quarter, an encouraging early signal for the company’s lower-priced SUV and its strategy to reach a broader market. The R2 SUV is already Rivian’s best-selling vehicle
Positive Sentiment: Rivian and Volkswagen are expanding their $5.8 billion joint venture to include AI assistants, potentially broadening future software licensing and technology revenue opportunities. Rivian also acquired Third Dimension AI to strengthen driver-assistance capabilities for its Autonomy+ services, although the purchase price was not disclosed. Rivian expands joint venture with VW to include AI assistant Rivian Just Made a Move That Could Help Unlock $950 Million and More
Neutral Sentiment: Reports that a Walmart-branded Rivian delivery van was seen on a car carrier have revived speculation about a potential fleet relationship, but no commercial order has been confirmed. RIVN Stock Rebounds As Unconfirmed Walmart Delivery Van Sparks Fleet Hopes
Negative Sentiment: Investors remain concerned that Rivian’s automotive business has not yet reached profitability. Prior results showed negative automotive gross profit, while the company continues to face significant cash-burn and execution risk as it scales the R2. Rivian Bets on R2 Margins as Volkswagen’s $1 Billion Loan Buys Time
Negative Sentiment: Reports that Volkswagen may use Xpeng software for some European EVs raise doubts about Rivian’s ability to monetize its Volkswagen partnership. Rising autonomy research spending also increases the need for future software revenue to justify the investment. Volkswagen Software Doubts Might Change The Case For Investing In Rivian Automotive

Wall Street Analyst Weigh In

Several brokerages have issued reports on RIVN. Morgan Stanley boosted their price target on shares of Rivian Automotive from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rivian Automotive in a research note on Friday, October 2nd. TD Cowen lifted their price objective on Rivian Automotive from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Piper Sandler upgraded Rivian Automotive from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $20.00 in a research report on Monday, July 27th. Finally, Royal Bank Of Canada upped their target price on shares of Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.86.

Read Our Latest Analysis on RIVN

Rivian Automotive Trading Down 1.9%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.65 and a current ratio of 2.10. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of -4.44 and a beta of 1.62. The firm has a fifty day moving average price of $14.69 and a 200-day moving average price of $15.57.

Rivian Automotive (NASDAQ:RIVN – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.03. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.52 billion. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%. Rivian Automotive’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.97) EPS. As a group, equities analysts anticipate that Rivian Automotive, Inc. will post -2.92 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Claire McDonough sold 8,023 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the sale, the chief financial officer owned 819,178 shares of the company’s stock, valued at $13,106,848. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of Rivian Automotive stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider directly owned 1,001,776 shares of the company’s stock, valued at approximately $15,026,640. This trade represents a 1.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,167 shares of company stock worth $788,306 in the last ninety days. Insiders own 1.48% of the company’s stock.

Institutional Investors Weigh In On Rivian Automotive

Several institutional investors have recently added to or reduced their stakes in RIVN. MCF Advisors LLC boosted its holdings in shares of Rivian Automotive by 3,500.0% during the 2nd quarter. MCF Advisors LLC now owns 1,800 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,750 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new position in Rivian Automotive in the first quarter worth about $39,000. Ancora Advisors LLC bought a new stake in Rivian Automotive during the second quarter worth approximately $44,000. Root Financial Partners LLC bought a new stake in Rivian Automotive during the third quarter worth approximately $57,000. Finally, Continuum Advisory LLC bought a new stake in Rivian Automotive during the second quarter worth approximately $75,000. 66.25% of the stock is owned by hedge funds and other institutional investors.

About Rivian Automotive

(Get Free Report)

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.