Rivian Automotive(US:RIVN) Benzingaยท2025-11-03 17:27Core Viewpoint - Rivian Automotive is expected to report significant revenue growth in its upcoming third-quarter financial results, driven by strong demand and the upcoming launch of its R2 vehicle [1][2]. Financial Performance - Analysts estimate Rivian's third-quarter revenue to be $1.50 billion, a 71% increase from $874 million in the same quarter last year [2]. - The company is projected to report a loss of 72 cents per share, an improvement from a loss of 99 cents per share in the previous year [3]. Delivery and Demand Insights - Rivian reported third-quarter deliveries of 13,200 vehicles, marking a 32% year-over-year increase, surpassing consensus estimates of 12,700 units but falling short of Goldman Sachs' estimate of 13,950 [5]. - The growth in deliveries was attributed to strong demand related to the expiration of the federal EV tax credit [4]. Market Dynamics and Future Outlook - The expiration of the federal tax credit is expected to pose challenges for the EV market, potentially leading to a "double-digit percent headwind" for the sector [5]. - Rivian has slightly lowered its full-year delivery guidance to a midpoint of 42,500 vehicles, aligning with Goldman Sachs' estimate and slightly above consensus estimates [6]. Key Items to Watch - Analysts suggest monitoring Rivian's increased volumes, margins, vertical integration, cash burn, and supply chain dynamics [7]. - The upcoming R2 vehicle launch is seen as crucial for Rivian's future growth, with consumer deliveries expected to begin in the first half of 2026 [8][10]. Analyst Ratings and Price Targets - Recent analyst ratings include JPMorgan maintaining an Underweight rating with a price target increase from $9 to $10, Mizuho downgrading from Neutral to Underperform with a target of $10, and UBS maintaining a Neutral rating with a target increase from $12 to $13 [9]. Stock Performance - Rivian's stock is currently down 2.43% to $13.24, with a year-to-date decline of 0.45% [12].