Rivian Automotive (NASDAQ:RIVN) Trading Down 8.1% – Here’s What Happened

Rivian Automotive, Inc. (NASDAQ:RIVN)’s share price was down 8.1% during mid-day trading on Thursday . The stock traded as low as $15.24 and last traded at $15.30. Approximately 37,117,985 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 30,917,670 shares. The stock had previously closed at $16.65.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: R2 launch begins this spring with a performance Launch Package (dual motors, ~330-mile range, “lifetime” ADAS access) that can drive near-term revenue and customer deliveries. CNBC: Rivian’s crucial R2 EV launch
• Positive Sentiment: Mind Robotics (a Rivian spinoff tied to its AI/robotics IP) raised $500M at a reported $2B valuation — a sign Rivian’s tech has external value and could unlock non-vehicle revenue or asset-monetization optionality. Reuters: Mind Robotics funding
• Positive Sentiment: Recent analyst upgrades (e.g., TD Cowen) and upbeat research notes have supported buying interest, arguing the R2 could expand Rivian’s addressable market and improve margins as volumes scale. Analyst upgrade coverage
• Neutral Sentiment: Company released full trims and official pricing details (public PR), clarifying product roadmap and timelines but offering no surprise upside on price points today. BusinessWire: R2 trims and pricing
• Negative Sentiment: Market reaction shows selling pressure around the reveal: shares slid as some investors were disappointed the headline $45K R2 won’t be available until late 2027, delaying Rivian’s push into the high-volume, lower-price segment. MarketWatch: $45K R2 catch
• Negative Sentiment: News outlets reported a roughly 5% intraday decline tied to the R2 reveal, signaling that expectations for an immediate mass-market disruptor were higher than the roadmap disclosed today. 247wallst: RIVN down 5%

Analyst Ratings Changes

A number of equities analysts have recently commented on RIVN shares. Wells Fargo & Company raised their target price on shares of Rivian Automotive from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Jefferies Financial Group reissued a “hold” rating and issued a $15.00 price objective on shares of Rivian Automotive in a research note on Tuesday, March 3rd. Benchmark restated a “buy” rating on shares of Rivian Automotive in a report on Thursday. Morgan Stanley reaffirmed an “underweight” rating and set a $12.00 target price on shares of Rivian Automotive in a research report on Monday, December 8th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Rivian Automotive in a report on Monday, December 15th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, Rivian Automotive has an average rating of “Hold” and a consensus target price of $18.00.

Rivian Automotive Price Performance

The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97. The firm’s 50-day moving average price is $16.29 and its two-hundred day moving average price is $15.75. The stock has a market cap of $18.99 billion, a PE ratio of -4.98 and a beta of 1.75.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. Rivian Automotive’s 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. On average, equities analysts expect that Rivian Automotive, Inc. will post -3.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Rivian Automotive

In other news, CFO Claire Mcdonough sold 27,133 shares of Rivian Automotive stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.80, for a total value of $455,834.40. Following the transaction, the chief financial officer directly owned 680,836 shares in the company, valued at approximately $11,438,044.80. This trade represents a 3.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Krawiec sold 3,655 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $19.45, for a total value of $71,089.75. Following the completion of the transaction, the director directly owned 29,122 shares of the company’s stock, valued at approximately $566,422.90. The trade was a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 135,488 shares of company stock valued at $2,369,819. 2.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rivian Automotive

A number of large investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new stake in shares of Rivian Automotive in the 4th quarter valued at about $27,000. SOA Wealth Advisors LLC. raised its stake in shares of Rivian Automotive by 894.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after acquiring an additional 1,395 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Rivian Automotive during the fourth quarter valued at approximately $33,000. Glass Jacobson Investment Advisors llc lifted its position in Rivian Automotive by 96.3% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock valued at $34,000 after acquiring an additional 852 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Rivian Automotive by 315.6% in the second quarter. Assetmark Inc. now owns 1,787 shares of the electric vehicle automaker’s stock valued at $25,000 after acquiring an additional 1,357 shares in the last quarter. 66.25% of the stock is currently 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.