Rivian Automotive Inc (RIVN) PT Lowered to $18 at Needham

Cantor Fitzgerald Reiterates Overweight Rating on Rivian Automotive Inc (RIVN)

August 7, 2024 6:03 AM EDT

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $19.00 price target on Rivian Automotive Inc (NASDAQ: RIVN)

The analyst comments "Targeting Modest Positive Gross Margin in 4Q24 and Positive Gross Margins in FY25: In 2Q24, RIVN recorded gross margins of (39%) vs. our estimate of (41%), and vs. 1Q24 gross margins of (44%). Management reaffirmed its expectations to report positive GM in 4Q24 (we model a 4Q24 Gross Margin of 1%), and disclosed that it expects positive... More

After-hours movers: Airbnb, Super Micro, Lumen, Upstart and more

August 6, 2024 4:53 PM EDT

After-Hours Stock Movers:

Airbnb (NASDAQ: ABNB) fell 15% after it reported mixed results for the second quarter and issued disappointing guidance due to expectations regarding moderation in the growth rate next quarter.

Super Micro Computer (NASDAQ: SMCI) initially rose 5%... More

Rivian reports wider loss in Q2 as production falls

August 6, 2024 4:39 PM EDT

Investing.com -- Rivian reported Tuesday a wider loss in the second-quarter as the electric vehicle maker produced fewer vehicles in the quarter amid changes to its R1 platform targeting improved efficiency.  

Rivian (NASDAQ: RIVN) Automotive Inc (NASDAQ:... More

Rivian sticks to flat production outlook for 2024, expects deliveries dip in Q3

August 6, 2024 4:13 PM EDT

By Akash Sriram and Abhirup Roy

(Reuters) -Rivian on Tuesday stuck to its forecast that production would not rise this year and said deliveries in the third quarter would be slightly lower, as the EV maker races to rebuild inventory after a factory shutdown in April designed to cut costs.

Shares of the company, which also said it would halt production for over a month next year as it prepares to launch a smaller vehicle in 2026, fell nearly 6% in volatile trading after the bell.

Rivian, which makes the R1S SUV and R1T... More

Rivian Automotive (RIVN) Misses Q2 EPS by 21c

August 6, 2024 4:07 PM EDT

Rivian Automotive (NASDAQ: RIVN) reported Q2 EPS of ($1.46), $0.21 worse than the analyst estimate of ($1.25). Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.14 billion.

Company reaffirms all aspects of guidance for the year

For earnings history and earnings-related data on Rivian Automotive (RIVN) click here.

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Rivian Automotive (RIVN) call put ratio 1.1 calls to 1 put into quarter resuslts

August 5, 2024 10:55 AM EDT

Rivian Automotive (NASDAQ: RIVN) August 9 weekly calls option implied volatility is at 171, August is at 121; compared to its 52-week range of 57 to 105 into expected release of quarter results after the bell on August 6.

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