By mid-2022 the company had delivered more than 8,000 vehicles with production ramping quickly. Rivian Automotive Inc. is spinning out a new “micromobility” company, known as Also, that will develop small electric vehicles designed for short trips. The consensus earnings estimate of -$2.87 for the current fiscal year indicates a year-over-year change of +29%. The company just managed to turn gross-margin positive last quarter, when it produced a modest gross profit. Its fourth-quarter automotive segment’s margins were a slim 7%, while its software and service margins were 28%. This could be both a transitional and transformative year for Rivian, and the damage to the Tesla brand could help the company over the long run.
Wall Street analysts believe that automakers’ and suppliers’ equities will remain volatile in the near term. Several companies saw more than 8 price action secrets every trader should know about 60% of their U.S. sales in 2024 come from vehicles manufactured outside of the United States. Final assembly lines and minimal dependence on imports, especially in the EV industry, are projected to be more secure. President Trump’s 25% tariffs on imported automobiles have officially come into force, affecting roughly half of the US auto industry. According to S&P Global Mobility estimates, 46% of the 16 million automobiles sold in the United States in 2024 were not produced domestically. The policy also includes tariffs on specified vehicle parts, including engines and transmissions, which will go into effect on May 3.
- Micromobility startup Also said on Wednesday it has been spun-off from electric-vehicle maker Rivian Automotive with $105 million in Series B funding from venture capital firm Eclipse and will focus o…
- This isn’t something that Musk is going to be able to walk back, so there is a clear opportunity for another company to step into the luxury EV market and take share.
- Electric car stocks are comprised of companies that primarily manufacture electric vehicles.
- Rivian reported a fall in first-quarter deliveries on Wednesday, as the electric vehicle maker grapples with part shortages and soft demand.
- Over the last four quarters, the company surpassed EPS estimates just once.
That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Elon Musk’s foray into politics and DOGE (the Department of Government Efficiency) has clearly hurt Tesla and opened the door for electric vehicle (EV) rivals like Rivian. Musk’s actions have ked to a significant portion of its consumer base souring on the brand both in the U.S. and overseas. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Stock market volatility is an opportunity for investors who have ‘nerves,’ expert says
Even though a company’s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It’s almost impossible for a company to grow its earnings without growing its revenue for long periods. The question, though, is whether the long-term prospects are enough to make the stock a buy right now. Explore Rivian Automotive stock price, quotes, charts and forecasts with Benzinga.
- Since 1988 it has more than doubled the S&P 500 with an average gain of +23.89% per year.
- A state-of-the-art electric vehicle charging at a station at a suburban mall.
- It’s almost impossible for a company to grow its earnings without growing its revenue for long periods.
- The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
In the first quarter, U.S. auto sales exceeded industry forecasts by a wide margin as buyers rushed to purchase new cars before the tariffs went into effect, which many believe will raise car prices. According to S&P Global Mobility’s tariff analysis, the costs of importing vehicles, auto manufacturing in the US, and consumer vehicle costs will all rise. Electric cars, often known as electric vehicles or EVs, are automobiles powered by electricity instead of gas. Electric car stocks are comprised of companies that primarily manufacture electric vehicles. Firms that make components for electric vehicles, such as batteries or autonomous driving systems, are also regarded as part of the electric vehicle industry. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Rivian Automotive.
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Previous reports delivered winners like APP (+97.3%), POWL (+61.8%), and SHOP (+46.4) in just 30 days. Don’t miss the chance to potentially position your portfolio for significant growth – download your free copy now. Our experts have identified 7 Zacks Rank #1 Strong Buy stocks poised for potential breakout in the coming weeks. Rivian Automotive is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see avatrade review the values of some of the valuation metrics that have driven this grade. In addition, whether you “Accept All,” Deny Optional,” click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
The Rivian R1S began production in 2022 and began deliveries later that year. The R1S comes with a 260 to 320-mile range and can also wade through 3 feet of water. The R1S also boasts the ability to rock crawl up a 100% incline or 45-degree slope. The R1T comes with 8 different drive modes geared for offroading, city adventures, and everything in between. Among the choices is the “Drift” mode which proactively distributes power to offset traction control and increase the “fun” factor. The vehicle comes with a 240 to 400-mile range depending on the battery and motor combination and individual driving styles.
Dan Levy, Barclays senior equity research analyst, joins ‘Squawk Box’ to discuss President Trump’s 25% tariffs on all foreign cars, impact on automakers and consumers, and more. Overall, RIVN ranks 4th on our list of the 12 Best EV Stocks To Buy in 2025. While we acknowledge the potential of EV companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame.
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We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors’ interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. “When we think about the tariffs, of course the 25% auto tariff hits everybody,” he said.
Rivian Automotive, Inc. is an OEM EV manufacturer focused on pickup trucks and SUVs. The company was founded in 2009 and is based in San Jose, California. Rivian is among the greenest of the EV makers choosing to achieve carbon neutrality well ahead of the Paris Climate Accord timeline. Rivian’s Q earnings report showed a positive gross profit and reduced COGS per vehicle, signaling improved production efficiency and cost best trading indicator management.
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Electric vehicle maker Rivian is spinning out a startup focused on small EVs designed for short trips, with investment from venture capital firm Eclipse. Discover which analysts rank highest on predicting the directional movement of RIVN. He said there needs to be “different form factors, different features, different brands and styling and aesthetic treatments to what a car looks like” among EVs. China recently imposed restrictions on the exportation of certain rare earth metals and magnets from its country. Scaringe said “there’s a tremendous amount of content that’s coming from suppliers that are both in the U.S. but also suppliers who are elsewhere” while looking inside the R1S with Claman. Privacy Policy | No cost, no obligation to buy anything ever.Past performance is no guarantee of future results.
In regard to its capabilities, the truck can go from 0 to 60 in 3 seconds, tow up to 11,000 pounds, and wade through 3 feet of water with no problems. Micromobility startup Also said on Wednesday it has been spun-off from electric-vehicle maker Rivian Automotive with $105 million in Series B funding from venture capital firm Eclipse and will focus o… The new startup is to be called Also Inc. and will focus on small, lightweight vehicles.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Rivian Automotive and its competitors with MarketBeat’s FREE daily newsletter. Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes. The company is planning to launch at least 2500 stations nationwide.
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Discover which analysts rank highest on predicting the price target of RIVN. Discover which analysts rank highest for RIVN overall weighted by direction, price target, and price movement. “Essentially every electric car on the road today is using what’s called a permanent magnet motor,” Scaringe explained, noting such magnets “generally use some type of rare earth metal.” During the interview, she also noted that Rivian is expanding its plant in Illinois and asked Scaringe whether he had been in touch with the White House, which has been pushing to boost manufacturing in the U.S. with tariffs and other measures. Select to analyse similar companies using key performance metrics; select up to four stocks. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.