Core Viewpoint - Rivian reported strong fourth-quarter earnings but provided weak guidance for 2025 due to uncertainties surrounding tariffs and the elimination of EV credits [1][2][3] Financial Performance - The company exceeded Wall Street's expectations with a gross profit of $170 million for the fourth quarter, outperforming forecasts in earnings per share and revenue [2] - However, the 2025 guidance projected vehicle deliveries between 46,000 and 51,000, which is below the 2024 total deliveries of 52,000 EVs and misses Wall Street's estimate of about 55,000 vehicles [3] Industry Challenges - CEO RJ Scaringe highlighted that tariffs and the removal of consumer incentives like the tax credit for new EVs would have similar negative effects on pricing and consumer adoption of electric vehicles [2][6] - President Trump's proposed auto tariffs of around 25% could increase new car prices in the US by an average of $2,700, further complicating the market landscape [5] Strategic Focus - The company is concentrating on controllable factors such as cost efficiency, software improvements, and the production of the R2 model, which is set to launch in the first half of next year [7] - Scaringe emphasized the need for resilience in response to potential changes in trade policy and consumer credits [7]

Core Viewpoint - Rivian Automotive Inc's stock has declined 5.1% to $12.90 despite better-than-expected fourth-quarter earnings and achieving its first positive gross profit, primarily due to a forecast of slower deliveries in 2023 [1] Group 1: Financial Performance - Rivian reported a positive gross profit for the first time in its fourth-quarter earnings [1] - The company expects to deliver between 46,000 to 51,000 electric vehicles (EVs) in 2023, a decrease from 51,579 deliveries in the previous year [1] Group 2: Market Reaction - Following the earnings report, Cantor downgraded Rivian's stock rating from "overweight" to "neutral" [2] - Four other brokerages raised their price targets, with Needham increasing its target from $14 to $17 [2] - Options trading volume surged, with 141,000 calls and 58,000 puts traded, which is four times the typical volume [2] Group 3: Stock Performance - Rivian's stock is on track for its third consecutive daily loss, with the $12 level acting as a familiar support [3] - Year-over-year, Rivian's equity has increased by 11.4% [3]

Core Viewpoint - Rivian's stock has experienced significant volatility in early 2025, initially rising due to strong delivery figures but later declining due to analyst downgrades and concerns over EV incentives [1][2]. Group 1: Stock Performance - Rivian stock reached $16.49 in early January 2025, the highest since July 2024, driven by surpassing analyst delivery estimates [1]. - By late January, the stock price fell to $12.69 due to analyst downgrades and political factors affecting EV incentives [1]. - As of February 21, the stock opened at $12.89, marking a 7.99% drop from the previous day's close of $14.01, contributing to a weekly loss of 8.58% and year-to-date losses of 3.12% [2]. Group 2: Earnings Report - Rivian's Q4 and full-year 2024 earnings report revealed a loss per share of $0.46, which was better than the consensus estimate of $0.65, and revenues of $1.73 billion, exceeding the forecast of $1.4 billion [4]. - Despite the earnings beat, the guidance for 2025 indicated expected deliveries of 46,000 to 51,000 units, lower than the 52,000 delivered in 2024 and below analyst expectations of 55,000 [5]. - The company anticipates a loss before interest and taxes between $1.7 billion and $1.9 billion for 2025, slightly above the average forecast of $1.69 billion [5]. Group 3: Vehicle Recall and Analyst Revisions - Following the earnings call, Rivian announced a recall of over 17,000 vehicles in the U.S. due to a headlight issue [6]. - Most analyst revisions post-earnings have been positive, although they project only modest, single-digit upside for the stock over the next 12 months [6].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive has a strong emphasis on technology adoption to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Rivian Automotive reported record revenues for Q4 2024, driven by increased sales of regulatory credits, growth in software and services, and higher average prices for the R1 models [1][2] - The company achieved a gross profit of $170 million for the first time, a significant improvement from a gross loss of $660 million in Q4 2023, attributed to cost-cutting measures and improved efficiency [2] - Rivian's delivery forecast for 2025 is lower than 2024, with expectations of delivering 46,000 to 51,000 vehicles due to potential external challenges [3] Financial Performance - Revenues reached a record high, with a narrower loss per share compared to estimates and the previous year [1] - Gross profit of $170 million in Q4 2024, compared to a gross loss of $660 million in Q4 2023 [2] - Adjusted EBITDA loss improved to $277 million in Q4 2024 from $1 billion in Q4 2023, with full-year EBITDA losses narrowing by 29% to $2.7 billion [7] Strategic Developments - Rivian finalized a joint venture deal with Volkswagen worth up to $5.8 billion, expected to provide $3.5 billion in funding for future developments [5] - The upcoming R2 model, aimed at budget-conscious buyers, is set to debut in the first half of 2026, with significant cost reductions anticipated [6][8] Operational Efficiency - The company has focused on reducing costs, achieving a $31,000 reduction in cost per vehicle compared to the same quarter last year [2] - Material costs for the second-generation R1 models are expected to decrease by approximately 20%, enhancing profitability [8] Challenges and Risks - Rivian faces potential external challenges, including changes in government policies that could impact EV demand [3][11] - Political uncertainty and competition in the EV sector are significant concerns for Rivian's growth [11] - Cash reserves decreased from $7.9 billion at the end of 2023 to $5.3 billion at the end of 2024, raising concerns about cash burn [13] Market Outlook - Rivian's stock currently has a Zacks Rank of 3, with an average brokerage recommendation of 2.35, indicating a mix of "Hold" and "Strong Buy" ratings [15] - The average price target of $14.96 suggests a potential upside of 10% from current levels [15]

Core Viewpoint - Rivian Automotive reported a narrower loss in Q4 2024 compared to previous estimates and the same period last year, with significant revenue growth driven by various factors including regulatory credits and software services [1]. Financial Performance - The company reported a Q4 2024 loss of 52 cents per share, better than the Zacks Consensus Estimate of a loss of 66 cents and an improvement from a loss of $1.36 in the prior year [1]. - Revenues reached $1.73 billion, exceeding the Zacks Consensus Estimate of $1.43 billion, marking a year-over-year increase of 31.9% [1]. - Total gross profit was $170 million, a significant recovery from a gross loss of $606 million in the prior-year quarter, resulting in a gross margin of 10% [4]. - Adjusted operating expenses decreased to $620 million from $706 million year-over-year, while adjusted loss before interest, taxes, depreciation, and amortization improved to $277 million from a $1 billion loss in Q4 2023 [4]. Production and Delivery - Rivian produced 12,727 units in Q4 2024, down from 17,541 units in the same quarter last year, but delivered 14,183 units, an increase from 13,972 units year-over-year [3]. Segment Performance - The Automotive segment generated revenues of $1.52 billion, up 31.9% year-over-year, with a gross profit of $110 million compared to a gross loss of $611 million in the prior-year quarter [6]. - The Software and Services segment saw revenues of $214 million, doubling year-over-year, with a gross profit of $60 million compared to $5 million in the same quarter of 2023 [7]. Cash Flow and Financial Position - Net cash from operating activities was $1.18 billion, a turnaround from a negative $1.11 billion in the same period of 2023 [5]. - As of December 31, 2024, Rivian had $5.29 billion in cash and cash equivalents, down from $7.86 billion a year earlier, with long-term debt slightly increasing to $4.44 billion [8]. Future Guidance - For 2025, Rivian expects to deliver between 46,000 to 51,000 vehicles, with adjusted EBITDA anticipated to remain negative in the range of $1.7 billion to $1.9 billion, and capital expenditures projected between $1.6 billion and $1.7 billion [9].

Rivian Automotive, Inc. (NASDAQ:RIVN) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Tim Bei - VP, IR RJ Scaringe - Founder and CEO Claire McDonough - CFO Javier Varela - Chief Operations Officer Conference Call Participants Dan Levy - Barclays Adam Jonas - Morgan Stanley Mark Delaney - Goldman Sachs George Gianarikas - Canaccord Genuity Shreyas Patil - Wolfe Research Operator Good day. Thank you for standing by. Welcome to Rivian's Fourth Quarter and Full Year 2024 Earni ...

Rivian Automotive (RIVN) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.66. This compares to loss of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.21%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of $0.89 per share when it actually produced a loss of $1.03, delivering a surprise of -15.73%.Over t ...

Rivian said Thursday it plans to launch a hands-off version of its driver assistance system for highway driving “in a few weeks,” and said an “eyes-off” version in 2026.The hands-off system will let Rivian compete with companies like Ford and General Motors, which have both launched similar systems in the past few years. (Ford has named its system BlueCruise, while GM has SuperCruise.) Tesla’s Full Self-Driving (supervised) system, which is not fully autonomous despite its name, requires users to keep their ...

Rivian’s cost–cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year – especially because of the whorl of uncertainty caused by the new Trump Administration.The company announced Thursday its fourth quarter and full-year 2024 financial results, and along with it, shared plans to deliver between 46,000 and 51,000 EVs across 2025. Rivian cautioned that “changes to government policies and regulations, and a challenging demand enviro ...