Rivian Automotive (RIVN) Projected to Post Earnings on Tuesday

Rivian Automotive (NASDAQ:RIVN) is expected to release its Q1 2025 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 issued its earnings results on Thursday, February 20th. The electric vehicle automaker reported ($0.63) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.06. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.43 billion. Rivian Automotive had a negative net margin of 95.51% and a negative return on equity of 66.26%. 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

NASDAQ:RIVN opened at $13.83 on Friday. Rivian Automotive has a 12-month low of $9.25 and a 12-month high of $18.86. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of -2.93 and a beta of 1.89. The stock’s 50 day moving average price is $11.78 and its two-hundred day moving average price is $12.23. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RIVN. Needham & Company LLC raised their price target on Rivian Automotive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 21st. Guggenheim reduced their target price on shares of Rivian Automotive from $18.00 to $16.00 and set a “buy” rating for the company in a report on Monday, February 24th. Bank of America lowered shares of Rivian Automotive from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $13.00 to $10.00 in a research note on Monday, February 24th. The Goldman Sachs Group decreased their price target on shares of Rivian Automotive from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Finally, Truist Financial boosted their price target on Rivian Automotive from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.08.

Insider Activity

In related news, CEO Robert J. Scaringe sold 71,429 shares of the firm’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 transaction of $844,290.78. Following the completion of the sale, the chief executive officer now owns 853,011 shares of the company’s stock, valued at $10,082,590.02. This trade represents a 7.73 % 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. Also, CFO Claire Mcdonough sold 6,856 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $14.26, for a total value of $97,766.56. Following the completion of the transaction, the chief financial officer now directly owns 335,076 shares in the company, valued at approximately $4,778,183.76. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,427 shares of company stock valued at $2,154,905. 2.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rivian Automotive

A hedge fund recently raised its stake in Rivian Automotive stock. Brighton Jones LLC increased its position in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,685 shares of the electric vehicle automaker’s stock after buying 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.