Rivian Automotive (NASDAQ:RIVN) Shares Down 2.2% – Should You Sell?

Rivian Automotive, Inc. (NASDAQ:RIVN) traded down 2.2% on Tuesday. The company traded as low as $13.46 and last traded at $13.70. 26,529,948 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 29,459,195 shares. The stock had previously closed at $14.01.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: CEO RJ Scaringe described 2027 as a potential “inflection year,” citing the R2 and autonomy as growth drivers. Rivian says the R2 was its best-selling vehicle in the third quarter and plans a limited rollout of advanced driver-assistance features before a broader release in 2027. Rivian CEO says new R2 SUV, autonomy make 2027 an ‘inflection year’
• Positive Sentiment: A Seeking Alpha analysis pointed to Q3 momentum, raised full-year guidance, 8% gross margin and a 28% year-over-year reduction in adjusted EBITDA losses. It also cited R2 demand and conversion rates as signs of improving scale and operational leverage. Rivian: Clear R2 Momentum Is Showing
• Positive Sentiment: Stifel Nicolaus reaffirmed its Buy rating and set a $22 price target, indicating substantial potential upside from the price cited in the report. Stifel Nicolaus rating and price target
• Neutral Sentiment: Analysts’ reported consensus target is $19.50, while another report said UBS had turned more constructive; these indicate improving analyst sentiment but do not guarantee performance. Analysts’ consensus target price UBS turns constructive
• Negative Sentiment: DA Davidson reduced its price target, a cautious analyst signal. The report provided no revised target amount in the supplied details. DA Davidson reduces Rivian price target

Wall Street Analysts Forecast Growth

RIVN has been the subject of a number of research reports. DA Davidson reduced their price objective on Rivian Automotive from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday. TD Cowen upped their target price on Rivian Automotive from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Piper Sandler raised Rivian Automotive from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $20.00 in a research report on Monday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price target on shares of Rivian Automotive in a research note on Monday. Finally, Royal Bank Of Canada lifted their price target on Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Fifteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.50.

Rivian Automotive Stock Performance

The company has a market cap of $19.84 billion, a price-to-earnings ratio of -6.09 and a beta of 1.64. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.18 and a quick ratio of 1.70. The firm has a fifty day simple moving average of $14.17 and a 200 day simple moving average of $15.39.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings data on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.16. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2 billion. Rivian Automotive had a negative net margin of 45.88% and a negative return on equity of 69.68%. Rivian Automotive’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the company earned ($1.08) earnings per share. On average, sell-side analysts expect that Rivian Automotive, Inc. will post -2.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, insider Michael John Callahan sold 15,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the insider owned 1,001,776 shares of the company’s stock, valued at $15,026,640. The trade was a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire McDonough sold 13,144 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $14.50, for a total transaction of $190,588.00. Following the transaction, the chief financial officer directly owned 827,201 shares of the company’s stock, valued at approximately $11,994,414.50. This represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 51,167 shares of company stock worth $788,306 in the last quarter. Insiders own 1.48% of the company’s stock.

Institutional Trading of Rivian Automotive

Hedge funds have recently bought and sold shares of the stock. Garrison Point Advisors LLC raised its position in Rivian Automotive by 6.9% in the 3rd quarter. Garrison Point Advisors LLC now owns 13,100 shares of the electric vehicle automaker’s stock worth $196,000 after purchasing an additional 850 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Rivian Automotive by 15.2% during the 3rd quarter. Impax Asset Management Group plc now owns 978,797 shares of the electric vehicle automaker’s stock worth $14,623,000 after buying an additional 128,797 shares in the last quarter. Cibc World Market Inc. increased its stake in shares of Rivian Automotive by 1.7% in the 3rd quarter. Cibc World Market Inc. now owns 45,787 shares of the electric vehicle automaker’s stock valued at $684,000 after buying an additional 775 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Rivian Automotive in the 3rd quarter valued at $7,597,000. Finally, Banco Santander S.A. acquired a new stake in shares of Rivian Automotive in the 3rd quarter valued at $647,000. 66.25% of the stock is owned by institutional investors.

Rivian Automotive Company Profile

Rivian Automotive, Inc. designs, develops and manufactures electric vehicles and related technology. Its consumer lineup includes the R1T electric pickup truck and R1S electric sport utility vehicle, while its commercial offerings include electric delivery vans and fleet services. Founded in 2009 by RJ Scaringe, the company began delivering its R1T and R1S vehicles in 2021. Rivian also develops vehicle software, charging solutions and services intended to support its consumer and commercial customers.