Rivian Automotive (RIVN) Expected to Announce Earnings on Tuesday

Rivian Automotive (NASDAQ:RIVN - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of ($0.80) per share and revenue of $981.52 million for the quarter.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping 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 the consensus estimate 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 0.5 %

RIVN stock traded up $0.07 during midday trading on Friday, reaching $13.83. The company's stock had a trading volume of 27,195,053 shares, compared to its average volume of 36,472,085. The business's 50-day simple moving average is $11.78 and its 200-day simple moving average is $12.22. The stock has a market cap of $15.64 billion, a PE ratio of -2.93 and a beta of 1.89. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. Rivian Automotive has a 52 week low of $9.25 and a 52 week high of $18.86.

Analysts Set New Price Targets

A number of brokerages have recently commented on RIVN. Robert W. Baird lowered their price target on Rivian Automotive from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Bank of America downgraded shares of Rivian Automotive from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $13.00 to $10.00 in a research note on Monday, February 24th. Mizuho decreased their price target on shares of Rivian Automotive from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Needham & Company LLC increased their target price on Rivian Automotive from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Benchmark restated a "buy" rating and set a $18.00 price objective on shares of Rivian Automotive in a report on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.08.

Insider Buying and Selling at Rivian Automotive

In other news, CEO Robert J. Scaringe sold 71,429 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $11.82, for a total value of $844,290.78. Following the transaction, the chief executive officer now owns 853,011 shares of the company's stock, valued at approximately $10,082,590.02. This represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Claire Mcdonough sold 6,856 shares of Rivian Automotive stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $14.26, for a total value of $97,766.56. Following the sale, the chief financial officer now directly owns 335,076 shares of the company's stock, valued at approximately $4,778,183.76. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,427 shares of company stock worth $2,154,905 over the last quarter. 2.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rivian Automotive stock. Brighton Jones LLC lifted its stake in Rivian Automotive, Inc. (NASDAQ:RIVN - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,685 shares of the electric vehicle automaker's stock after buying an additional 3,864 shares during the period. Brighton Jones LLC's holdings in Rivian Automotive were worth $235,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.