Rivian Automotive (NASDAQ:RIVN) Given “Outperform” Rating at BNP Paribas Exane

BNP Paribas Exane reaffirmed their outperform rating on shares of Rivian Automotive (NASDAQ:RIVN) in a report published on Friday morning,Benzinga reports. They currently have a $22.00 price target on the electric vehicle automaker’s stock, down from their prior price target of $23.00.

A number of other analysts have also recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $22.00 price objective on shares of Rivian Automotive in a research report on Monday, April 6th. DA Davidson upgraded Rivian Automotive from an “underperform” rating to a “neutral” rating and set a $14.00 price objective on the stock in a research report on Wednesday, April 1st. Cantor Fitzgerald boosted their price objective on Rivian Automotive from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on Rivian Automotive from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Leerink Partners restated an “outperform” rating on shares of Rivian Automotive in a research report on Thursday, March 12th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.41.

Rivian Automotive Stock Performance

NASDAQ RIVN traded down $1.37 during trading on Friday, hitting $15.04. The company’s stock had a trading volume of 53,241,996 shares, compared to its average volume of 22,747,178. The company has a quick ratio of 1.89, a current ratio of 2.33 and a debt-to-equity ratio of 0.97. The firm has a 50 day moving average price of $15.71 and a 200 day moving average price of $16.18. The firm has a market cap of $18.66 billion, a P/E ratio of -4.90 and a beta of 1.64. Rivian Automotive has a 52 week low of $11.57 and a 52 week high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last released its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.14. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Rivian Automotive had a negative return on equity of 72.68% and a negative net margin of 63.62%.Rivian Automotive’s quarterly revenue was down 25.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.70) earnings per share. Equities research analysts forecast that Rivian Automotive will post -3.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rivian Automotive news, CFO Claire Mcdonough sold 10,245 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $18.00, for a total value of $184,410.00. Following the sale, the chief financial officer directly owned 946,814 shares in the company, valued at $17,042,652. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 21,446 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $16.17, for a total value of $346,781.82. Following the completion of the sale, the chief executive officer owned 1,001,138 shares in the company, valued at $16,188,401.46. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 148,888 shares of company stock worth $2,411,276 over the last quarter. Company insiders own 2.16% of the company’s stock.

Institutional Trading of Rivian Automotive

A number of large investors have recently bought and sold shares of RIVN. Brighton Jones LLC grew its position in Rivian Automotive by 28.0% in the fourth quarter. Brighton Jones LLC now owns 17,685 shares of the electric vehicle automaker’s stock valued at $235,000 after acquiring an additional 3,864 shares during the period. AQR Capital Management LLC grew its position in Rivian Automotive by 1.5% in the first quarter. AQR Capital Management LLC now owns 386,384 shares of the electric vehicle automaker’s stock valued at $4,733,000 after acquiring an additional 5,590 shares during the period. Empowered Funds LLC grew its position in Rivian Automotive by 10.1% in the first quarter. Empowered Funds LLC now owns 54,560 shares of the electric vehicle automaker’s stock valued at $679,000 after acquiring an additional 4,998 shares during the period. Focus Partners Wealth grew its position in Rivian Automotive by 29.0% in the first quarter. Focus Partners Wealth now owns 64,534 shares of the electric vehicle automaker’s stock valued at $803,000 after acquiring an additional 14,497 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Rivian Automotive by 57.1% in the first quarter. Geneos Wealth Management Inc. now owns 5,107 shares of the electric vehicle automaker’s stock valued at $64,000 after acquiring an additional 1,856 shares during the period. 66.25% of the stock is currently owned by institutional investors.

Key Rivian Automotive News

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

• Positive Sentiment: Q1 beat driven by higher deliveries and software growth — Rivian topped EPS and revenue estimates, reported year-over-year delivery gains and rising software & services revenue, validating improving unit economics as R2 production begins. Zacks: Rivian Q1 Earnings Beat
• Positive Sentiment: R2 production ramp and Georgia plant capacity increase — Rivian has begun scalable R2 production and raised initial Georgia plant capacity to 300k units (50% higher), a move aimed at lowering per‑unit costs over time. These operational levers justify upside if demand materializes. BusinessWire: Optimized Capacity Plan
• Positive Sentiment: Analyst support remains — Multiple firms reaffirmed buy/outperform or raised targets (Benchmark, Needham, BNP Paribas Exane, Cantor Fitzgerald raised its PT), leaving sizable upside in broker models that can prop investor interest. Benzinga: Analyst Notes
• Neutral Sentiment: DOE loan amended and timing changed — Rivian renegotiated its DOE loan down to $4.5B (from ~$6.6B) but can draw funds sooner; that reduces long‑term headroom while accelerating near‑term liquidity access. Market reaction depends on how investors weigh later capacity vs earlier funding. Reuters: DOE Loan Change
• Negative Sentiment: Cash burn and margin/cash‑flow worries pressured sentiment — Despite the beat, investors focused on elevated automotive losses, rising costs and ongoing cash consumption that could require more financing or slow path to positive free cash flow. Fool: Cash Burn Focus
• Negative Sentiment: Customer concentration and demand signals raised concern — Commentators flagged growing reliance on Amazon for auto revenue and investors noted that management did not provide stronger R2 demand clarity, prompting short‑term selling. Invezz: Amazon Reliance

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.