Rivian Automotive (RIVN) to Release Earnings on Tuesday

Rivian Automotive (NASDAQ:RIVN) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect Rivian Automotive to post earnings of ($0.80) per share and revenue of $981.52 million for the quarter.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings data on Thursday, February 20th. The electric vehicle automaker reported ($0.63) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.06. Rivian Automotive had a negative net margin of 95.51% and a negative return on equity of 66.26%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.43 billion. On average, analysts expect Rivian Automotive to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Rivian Automotive Trading Up 4.5 %

Shares of RIVN stock opened at $13.19 on Tuesday. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $11.69 and a 200 day moving average price of $12.15. Rivian Automotive has a 12-month low of $8.84 and a 12-month high of $18.86. The company has a market capitalization of $14.91 billion, a P/E ratio of -2.79 and a beta of 1.89.

Analyst Upgrades and Downgrades

RIVN has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on Rivian Automotive from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday. Needham & Company LLC raised their price target on shares of Rivian Automotive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Truist Financial boosted their target price on Rivian Automotive from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Cowen assumed coverage on shares of Rivian Automotive in a research report on Thursday, March 6th. They set a “hold” rating for the company. Finally, Wells Fargo & Company upped their price objective on shares of Rivian Automotive from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.08.

Insider Buying and Selling

In other news, CEO Robert J. Scaringe sold 71,429 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $11.25, for a total value of $803,576.25. Following the completion of the sale, the chief executive officer now directly owns 853,011 shares of the company’s stock, valued at $9,596,373.75. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Claire Mcdonough sold 6,856 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $14.26, for a total transaction of $97,766.56. Following the completion of the sale, the chief financial officer now owns 335,076 shares in the company, valued at $4,778,183.76. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,427 shares of company stock valued at $2,154,905 in the last ninety days. Company insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On Rivian Automotive

An institutional investor recently raised its position in Rivian Automotive stock. Brighton Jones LLC raised its stake in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 28.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,685 shares of the electric vehicle automaker’s stock after acquiring an additional 3,864 shares during the quarter. Brighton Jones LLC’s holdings in Rivian Automotive were worth $235,000 at the end of the most recent quarter. Institutional investors own 66.25% of the company’s stock.

About Rivian Automotive

Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.