Robert Scaringe Sells 20,264 Shares of Rivian Automotive (NASDAQ:RIVN) Stock

Key Points

• Robert Scaringe, Rivian's CEO, sold 20,264 shares on March 31 at an average price of $15.00 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 1.94% to 1,022,584 shares (proceeds ~$303,960).
• Operational momentum but mixed risks: Rivian reported Q1 production and deliveries above Street estimates and reaffirmed 2026 delivery guidance of 62K–67K while a Rivian spinoff raised $200M and struck a DoorDash tie-up, but U.S. monthly sales have declined for four consecutive months and the end of Amazon EDV exclusivity poses longer-term commercial risks.
• Market view: RIVN trades around $15.40 with a $19.1B market cap, and analyst coverage is mixed (11 Buys, 9 Holds, 6 Sells) giving an average rating of "Hold" and an average target price of $18.05.

Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CEO Robert Scaringe sold 20,264 shares of Rivian Automotive stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $15.00, for a total value of $303,960.00. Following the completion of the transaction, the chief executive officer owned 1,022,584 shares of the company's stock, valued at approximately $15,338,760. The trade was a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rivian Automotive Price Performance

Rivian Automotive stock traded up $0.46 on Thursday, reaching $15.40. The company's stock had a trading volume of 20,683,757 shares, compared to its average volume of 30,398,746. The business's fifty day moving average price is $15.37 and its 200 day moving average price is $15.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.89 and a current ratio of 2.33. The company has a market cap of $19.11 billion, a price-to-earnings ratio of -5.02 and a beta of 1.69. Rivian Automotive, Inc. has a twelve month low of $10.36 and a twelve month high of $22.69.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last announced its earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share for the quarter, beating analysts' consensus estimates of ($0.68) by $0.14. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.The firm's quarterly revenue was down 25.8% compared to the same quarter last year. During the same period last year, the company posted ($0.70) earnings per share. Equities analysts expect that Rivian Automotive, Inc. will post -3.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

RIVN has been the topic of a number of research reports. Benchmark reiterated a "buy" rating on shares of Rivian Automotive in a research report on Thursday, March 12th. Wedbush restated an "outperform" rating and issued a $25.00 price objective on shares of Rivian Automotive in a research report on Friday, February 13th. Morgan Stanley reaffirmed an "underweight" rating and set a $12.00 price objective on shares of Rivian Automotive in a report on Monday, December 8th. Canaccord Genuity Group increased their price objective on Rivian Automotive from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Finally, Wells Fargo & Company lifted their target price on Rivian Automotive from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Friday, February 13th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $18.05.

Rivian Automotive News Summary

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

• Positive Sentiment: Q1 deliveries topped consensus — Rivian produced 10,236 vehicles and delivered 10,365 in Q1, above Street delivery estimates, signaling recovering demand and execution momentum. Rivian Releases Q1 2026 Production and Delivery Figures and Sets Date for First Quarter 2026 Financial Results
• Positive Sentiment: Company reaffirmed 2026 delivery guidance of 62K–67K vehicles — management stuck to its full‑year plan, which reduces near‑term forecast risk and supports revenue/production visibility. Rivian reaffirms 2026 delivery guidance of 62K to 67K vehicles
• Positive Sentiment: Rivian spinoff (Also) raised $200M and struck a DoorDash partnership — Also’s funding round and DoorDash board involvement create optionality for autonomy/last‑mile revenue that could amplify Rivian’s ecosystem value over time. Rivian spinout EV start-up raises $200m in Series C round
• Neutral Sentiment: Street sentiment adjusted but mixed — D.A. Davidson upgraded Rivian from Underperform to Neutral, citing valuation after a sharp pullback, but its $14 target still implies downside versus current levels. DA Davidson Upgrades Rivian From Underperform — Here's What Still Has to Go Right
• Neutral Sentiment: Market reaction mixed despite the beat — several outlets note Rivian outpaced delivery estimates but sector‑wide profit‑taking and macro factors left EV stocks soft in the session. Tesla Rival Rivian Tops Delivery Estimates With New Model Still Due
• Negative Sentiment: Monthly U.S. sales are still declining — reports flag Rivian’s U.S. sales fell for a fourth consecutive month ahead of the R2 launch, a short‑term demand concern that tempers the delivery beat. Tesla rival Rivian's US sales decline for fourth consecutive month ahead of R2 launch
• Negative Sentiment: Longer‑term commercial risks remain — Amazon EDV exclusivity ended and additional fleet orders have been slow, a structural revenue risk that analysts continue to flag. When Will Rivian Turn a Big Disappointment Into Big Business?

Hedge Funds Weigh In On Rivian Automotive

Hedge funds and other institutional investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund raised its position in shares of Rivian Automotive by 1.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker's stock valued at $853,000 after acquiring an additional 686 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Rivian Automotive by 3.2% in the 4th quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker's stock worth $456,000 after purchasing an additional 718 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Rivian Automotive by 36.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker's stock worth $54,000 after purchasing an additional 739 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Rivian Automotive by 0.6% during the fourth quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker's stock worth $2,533,000 after purchasing an additional 744 shares during the period. Finally, Tradition Wealth Management LLC grew its stake in shares of Rivian Automotive by 5.7% during the fourth quarter. Tradition Wealth Management LLC now owns 14,056 shares of the electric vehicle automaker's stock worth $277,000 after purchasing an additional 753 shares during the period. 66.25% of the stock is owned by institutional investors.

About Rivian Automotive

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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