Rivian Automotive (NASDAQ:RIVN) Stock Falls 1.3% – Here’s What Happened

Rivian Automotive, Inc. (NASDAQ:RIVN)’s stock price traded down 1.3% during trading on Wednesday. The stock traded as low as $11.44 and last traded at $11.67. Approximately 27,408,099 shares were traded during mid-day trading, a decline of 6% from the average session volume of 29,008,969 shares. The stock had previously closed at $11.82.

More Rivian Automotive News

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

• Positive Sentiment: Rivian reported third-quarter revenue of approximately $2.15 billion, up 38.3% year over year and ahead of the roughly $2 billion analyst estimate. Its adjusted loss of $0.48 per share was narrower than the expected $0.64–$0.65 loss, supported by higher deliveries, software revenue and improved gross profit. Rivian third-quarter earnings beat estimates
• Positive Sentiment: The company raised its full-year outlook for vehicle deliveries, adjusted pre-tax earnings and capital expenditures. The R2 SUV became Rivian’s best-selling vehicle in the quarter, strengthening the investment case for its planned higher-volume, more affordable model. Rivian raises full-year guidance on Q3 revenue beat
• Positive Sentiment: Analyst sentiment included a Jefferies upgrade from Hold to Buy with a $17 target, while Piper Sandler maintained an Overweight rating and $20 target, arguing that the prior selloff had gone too far. Options activity was also bullish-leaning, with call volume 39% above typical levels. Piper Sandler’s $20 Target Says Rivian’s Selloff Went Too Far
• Neutral Sentiment: Rivian expanded its $5.8 billion Volkswagen joint venture to include an AI assistant and separately acquired Third Dimension AI to support driver-assistance technology. These initiatives could improve future software and autonomy revenue, although the near-term financial benefit remains unclear. Rivian expands joint venture with VW to include AI assistant
• Negative Sentiment: Analysts were not uniformly bullish: Cantor Fitzgerald cut its target from $19 to $16 and retained a Neutral rating, while Needham reduced its target from $23 to $18 despite keeping a Buy rating. Rivian also remains deeply unprofitable, with heavy cash burn and negative margins, leaving execution of the R2 ramp critical.

Analysts Set New Price Targets

A number of research analysts have recently commented on RIVN shares. Wells Fargo & Company raised their target price on Rivian Automotive from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Needham & Company LLC reduced their price target on Rivian Automotive from $23.00 to $18.00 and set a “buy” rating for the company in a report on Friday. Yorkville Ives assumed coverage on shares of Rivian Automotive in a report on Tuesday, October 6th. They issued an “outperform” rating and a $20.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Rivian Automotive in a research note on Friday, October 2nd. Finally, TD Cowen raised their price target on Rivian Automotive from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Rivian Automotive presently has an average rating of “Hold” and a consensus target price of $19.50.

Rivian Automotive Price Performance

The firm’s 50-day moving average is $14.60 and its two-hundred day moving average is $15.53. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.65. The company has a market cap of $17.61 billion, a P/E ratio of -4.71 and a beta of 1.62.

Rivian Automotive (NASDAQ:RIVN) last released its quarterly earnings results on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.16. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2 billion. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%. Rivian Automotive’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.08) EPS. Analysts anticipate that Rivian Automotive, Inc. will post -2.92 earnings per share for the current year.

Insider Transactions at Rivian Automotive

In other news, CFO Claire McDonough sold 13,144 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were 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 in the company, valued at approximately $11,994,414.50. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, insider Michael John Callahan sold 15,000 shares of Rivian Automotive stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the insider directly owned 1,001,776 shares in the company, valued at approximately $15,026,640. The trade was a 1.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 51,167 shares of company stock worth $788,306 in the last three months. Insiders own 1.48% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MCF Advisors LLC grew its stake in shares of Rivian Automotive by 3,500.0% in the 2nd quarter. MCF Advisors LLC now owns 1,800 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,750 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Rivian Automotive during the 1st quarter worth approximately $39,000. Ancora Advisors LLC acquired a new stake in Rivian Automotive in the second quarter valued at $44,000. Root Financial Partners LLC purchased a new stake in Rivian Automotive during the third quarter worth about $57,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Rivian Automotive during the 2nd quarter worth approximately $75,000. 66.25% of the stock is owned by institutional investors and hedge funds.

About Rivian Automotive

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.