Rivian Automotive (RIVN) to Release Quarterly Earnings on Tuesday

Rivian Automotive (NASDAQ:RIVN - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results 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 - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The electric vehicle automaker reported ($0.63) earnings per share (EPS) 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 analysts' expectations 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 Price Performance

Rivian Automotive stock traded down $0.80 during mid-day trading on Wednesday, reaching $12.70. The company had a trading volume of 56,921,438 shares, compared to its average volume of 36,241,110. The business has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $12.28. The company has a market cap of $14.36 billion, a P/E ratio of -2.69 and a beta of 1.86. The company has a current ratio of 5.09, a quick ratio of 3.70 and a debt-to-equity ratio of 0.93. Rivian Automotive has a fifty-two week low of $9.25 and a fifty-two week high of $18.86.

Insider Transactions at Rivian Automotive

In related news, CEO Robert J. Scaringe sold 71,429 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 853,011 shares in the company, valued at $9,596,373.75. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Claire Mcdonough sold 6,856 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $14.26, for a total transaction of $97,766.56. Following the sale, the chief financial officer now owns 335,076 shares of the company's stock, valued at $4,778,183.76. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,427 shares of company stock valued at $2,154,905 in the last 90 days. 2.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rivian Automotive stock. Brighton Jones LLC raised 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 & Exchange Commission. The fund owned 17,685 shares of the electric vehicle automaker's stock after purchasing an additional 3,864 shares during the quarter. Brighton Jones LLC's holdings in Rivian Automotive were worth $235,000 as of its most recent filing with the Securities & Exchange Commission. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RIVN has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Rivian Automotive from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Rivian Automotive from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Benchmark reiterated a "buy" rating and set a $18.00 target price on shares of Rivian Automotive in a research report on Tuesday, March 18th. Guggenheim restated a "buy" rating and issued a $16.00 price target on shares of Rivian Automotive in a research report on Tuesday. Finally, Cowen started coverage on shares of Rivian Automotive in a report on Thursday, March 6th. They set a "hold" rating on the stock. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.99.

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.