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Rivian Automotive (RIVN) has an average rating of overweight and mean price target of $18.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Consumer stocks advanced late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In corporate news, MarineMax (HZO) shares jumped past 8% after Reuters reported that Blackstone (BX) is among the final bidders to buy the company. Donerail and Centerbridge are also finalists, the report said.Rivian Automotive (RIVN) filed a lawsuit in the US Court of International Trade seeking refunds of tariffs it paid under the International Emergency Economic Powers Act after the US Supreme Court ruled the levies were unlawful, according to a Thursday court filing. Rivian shares were down 3.9%.Lamb Weston (LW) provided upbeat full-year earnings guidance after delivering a fiscal Q4 beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa. Its shares were down 0.5%.Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in Q2, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures. Verizon shares gained 5.2%, and Charter fell 2.9%.Starbucks (SBUX) is expected to report continued sales momentum in fiscal Q3 as its turnaround plans and new sales initiatives supported a recovery in the US business, UBS Securities said in a note. Starbucks shares added 0.6%.
Rivian Automotive (RIVN) filed a lawsuit in the US Court of International Trade seeking refunds of tariffs it paid under the International Emergency Economic Powers Act after the US Supreme Court ruled the levies were unlawful, according to a Thursday court filing.The electric-vehicle maker is asking the court to declare the IEEPA tariffs unlawful as applied to Rivian and to order US Customs and Border Protection to refund all such tariffs it has paid, plus interest.Rivian said a separate lawsuit is necessary because importers that previously paid the tariffs are not guaranteed refunds following the Supreme Court's February ruling unless they obtain their own judicial relief.The complaint also seeks an order requiring CBP to reliquidate entries assessed with IEEPA tariffs, along with attorneys' fees and other relief the court deems appropriate.Price: $15.75, Change: $-0.71, Percent Change: -4.31%
Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.8%.Redbook US same-store sales rose by 11.5% from a year earlier in the week ended July 4 after a 10.5% year-over-year increase in the previous week. "Significant nationwide temperature increases, combined with Independence Day promotions, led to increased demand for summer merchandise and brought more shoppers into air-conditioned stores," Redbook noted.In corporate news, Netflix (NFLX) has entered multiple deals with digital publishers, including The Hollywood Reporter, BuzzFeed, Conde Nast, and other Penske Media's PMX brands to bring content from these publishers to the US and other regions like the UK, Ireland, Canada, and New Zealand, media outlets reported. Netflix shares increased 0.4%.Rivian Automotive (RIVN) shares fell past 17% after the electric vehicle maker launched a stock offering, even as it issued a Q2 revenue estimate that exceeded market expectations.Walmart (WMT) and Sam's Club lowered prices on "thousands" of essentials and groceries as part of a summer rollback effort, Walmart said late Monday. Walmart shares rose 0.8%.O'Reilly Automotive's (ORLY) potential acquisition of Genuine Parts' (GPC) NAPA business could deliver upside, but the benefits could be outweighed by challenges, including how different the international and independent businesses are from O'Reilly's core operations, Truist Securities said Tuesday. Truist maintained a buy rating on O'Reilly with a $108 price target. O'Reilly shares added 2.7%.
Consumer stocks were mixed late Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%.In corporate news, Tesla's (TSLA) shares dropped 8% even after the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.Rivian Automotive (RIVN) raised delivery projections for this year after the EV manufacturer's Q2 numbers exceeded expectations. Ford (F) reported a 10% drop in new US vehicle sales from a year earlier. Rivian shares jumped 8.3%, and Ford fell 2.6%.Franklin Covey's (FC) shares tumbled 14% after the company cut its full-year fiscal 2026 revenue guidance, undermining its fiscal Q3 results.Ferrari's (RACE) Q2 should deliver further sequential acceleration, along with an expected 2026 guidance upgrade, indicating a stronger-than-expected second-half performance ahead of a "balanced year" guidance, UBS Securities said in a note. UBS kept a buy rating on Ferrari and raised the price target to $497 from $483. Ferrari shares rose 2.3%.
Consumer stocks were mixed Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%.In corporate news, Rivian Automotive (RIVN) raised delivery projections for this year after the EV manufacturer's Q2 numbers exceeded expectations. Ford (F) reported a 10% drop in new US vehicle sales from a year earlier. Rivian shares jumped 7.5%, while Ford fell 2.7%.Tesla (TSLA) delivered 480,126 vehicles in Q2, up 25% from a year earlier. Model 3/Y deliveries rose to 467,762 vehicles from 373,728. Tesla shares still slumped 8.1%.American Eagle Outfitters (AEO) named Papa John's International (PZZA) Chief Financial Officer Ravi Thanawala as its finance chief, succeeding Mike Mathias, who will shift to a strategic advisory role. American Eagle shares fell 5.1%, and Papa John's shed 0.8%.
Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.9%.In corporate news, Rivian Automotive (RIVN) raised delivery projections for this year after the electric vehicle manufacturer's Q2 numbers exceeded expectations, while Ford (F) reported a 10% annual drop in new US vehicle sales for the three months to June. Rivian shares jumped past 8%, and Ford was shedding 2.8%.
Tesla (TSLA) shares were down Thursday even as the company's second-quarter deliveries beat Wall Street's expectations, while Truist Securities said the electric vehicle maker didn't provide any updates on key topics.Tesla delivered 480,126 vehicles in the June quarter, up from 384,122 a year earlier and 358,023 in the prior three-month period. The consensus forecast on FactSet was for 427,000 units.The company's shares were down 7.8% in afternoon trade, bringing its year-to-date losses to nearly 12%."We view (artificial intelligence) developments as far more important than auto deliveries for (Tesla's) long-term cash generation and stock performance," Truist Managing Director William Stein said in a note to clients."The most important of these, near-term, is (Full Self-Driving) and related projects (robotaxi and cybercab), which (Tesla) did not update today," Stein wrote. "We continue to view progress in this area as positive, but imperfect."Full Self-Driving is a driver assistance software offered by Tesla.The brokerage reiterated its hold rating on the EV maker's stock while raising its price target to $430 from $400.Tesla produced 451,758 vehicles in the second quarter, compared with 410,244 a year earlier and 408,386 in the March quarter. Truist was looking for 473,000 units in the latest quarter, according to the note.Separately, Rivian Automotive (RIVN) on Thursday raised its delivery projections for this year after its second-quarter numbers exceeded expectations. Ford Motor (F) reported a 10% annual drop in new US vehicle sales for the three months to June.Rivian shares were up 8.5% intraday, while Ford saw a 2.7% drop.On Wednesday, General Motors (GM) said US vehicle sales fell 4.2% year over year in the second quarter due to a smaller EV market, discontinued vehicles and inventory constraints.Tesla is scheduled to report its second-quarter financial results July 22.Price: $393.83, Change: $-31.47, Percent Change: -7.40%
Rivian Automotive (RIVN) raised delivery projections for this year after the electric vehicle manufacturer's second-quarter numbers exceeded expectations, while Ford (F) reported a 10% annual drop in new US vehicle sales for the three months to June.Rivian now expects full-year vehicle deliveries of 65,000 to 70,000, compared with its prior guidance of 62,000 to 67,000 and the FactSet-polled consensus for 64,000 units. Deliveries totaled 42,247 in 2025.Shares of Rivian were up nearly 10% in Thursday trade. The stock is down about 4.3% so far this year.For the June quarter, Rivian reported total deliveries of 12,194, surpassing six analysts' projection of 11,000 vehicles. The company delivered 10,365 vehicles in the March quarter, and 10,661 units in the 2025 second quarter.Rivian attributed the second-quarter performance to sequential growth of delivery vans and R1 electric sports utility vehicles, along with R2 SUV deliveries.The company said it produced 12,613 vehicles in the second quarter, up from the March quarter output of 10,236 vehicles and more than double the year-ago tally of 5,979 units.Ford Motor's (F) second-quarter new US sales declined 10% annually to 549,200 vehicles, partly reflecting the planned phase-out of the Escape and Corsair. Pure EV sales plunged 41%.It sold 457,315 units in the first quarter of 2026 and 612,095 vehicles in the second quarter of 2025.Ford sold 1 million vehicles from January to June, down 9.6% from the year-ago period. First-half F-Series sales tumbled 13%."Although customer demand remains high, first-half F-Series sales reflect a retiming of commercial production following last year's aluminum supply shortages," Ford said in a release. "Ford expects supply to recover more fully in the second half of the year."Separately, Tesla (TSLA) reported second-quarter deliveries well above Wall Street's expectations.On Wednesday, General Motors (GM) said US vehicle sales fell 4.2% year over year in the second quarter due to a smaller EV market, discontinued vehicles and inventory constraints.Last week, Cox Automotive maintained its 2026 new vehicle sales forecast at 15.8 million units, which would reflect a 2.9% annual drop.Price: $18.96, Change: $+1.78, Percent Change: +10.36%
Wall Street's major market averages were mixed in late-morning trading Thursday, as investors reacted to the latest jobs report that came in well below expectations.The June employment report showed nonfarm payrolls rose by 57,000, significantly below the 113,000-job increase expected in a survey compiled by Bloomberg as of 7:40 a.m. ET, while May payrolls were revised down to 129,000 jobs from 172,000. The unemployment rate fell to 4.2% in June from 4.3% in May, while the labor force participation rate fell to 61.5% from 61.8% in May.In company news, Tesla (TSLA) said Thursday it delivered 480,126 vehicles in Q2, a 25% jump from a year earlier. The electric-vehicle maker said it delivered 467,762 Model 3/Y vehicles during the period, up from 373,728 a year ago. Tesla shares were down 6.8% around midday.Two Blue Owl (OWL) private credit funds received large redemption requests for the second consecutive quarter, Bloomberg reported Thursday, citing an investor letter. Blue Owl Credit Income, or OCIC, received requests amounting to 18.8% of shares, or $3.6 billion, while Blue Owl Technology Income received shareholder requests totaling 38.1%, or $1.1 billion, the report said. The company said it has satisfied over 43% of the original demand from shareholders with repeat withdrawal requests and that OCIC doesn't need to sell a single private loan to satisfy the tender offer, according to the report. Blue Owl shares were up 5.6%.Anthropic has begun early-stage work on developing its own AI chip and has held talks with Samsung as a potential manufacturing partner, The Information reported Thursday, citing people familiar with the matter.OpenAI is in preliminary talks to give a 5% stake to the US government, the Financial Times reported Thursday, citing two people familiar with the matter.Meta Platforms' (META) WhatsApp has been directed by the Indian government to halt the rollout of its planned username feature and justify its implementation, Reuters reported Thursday, citing a government letter it reviewed. Meta shares were down 4.1%.Rivian Automotive (RIVN) said Thursday it raised its full-year 2026 delivery outlook to a range of 65,000 to 70,000 vehicles, from a prior range of 62,000 to 67,000, following stronger-than-expected Q2 deliveries. The company said it produced 12,613 units and delivered 12,194 vehicles in the quarter ended June 30, exceeding its guidance for 9,000 to 11,000 deliveries, driven by growth in its EDV and R1 lines and early contributions from R2 deliveries. Rivian shares were up 10.0%.Lucid Group (LCID) said Thursday that it produced 4,774 vehicles and delivered 3,953 vehicles in Q2. The EV maker also named Alexander De Bock as its new chief financial officer, succeeding Taoufiq Boussaid, who is leaving the company. Lucid shares were down 7.2%.Ford Motor (F) said Thursday it recorded Q2 US sales of 549,200, down 10.3% from the year-ago period's total of 612,095 vehicles. Ford shares were down 2.1%.Nvidia (NVDA) said it is expanding access to its AI infrastructure by introducing a revenue-sharing model that grants token credits to developers in exchange for a portion of the recurring earnings from the cloud networks. Nvidia shares were down 1.2%.Price: $9.11, Change: $+0.47, Percent Change: +5.38%
Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.1%.Redbook US same-store sales soared 9.4% from a year earlier in the week ended June 13, after surging 9.1% in the previous week. Seasonal categories such as air conditioners, fans, pool and beach equipment, swimwear, and other hot-weather apparel led the growth, according to Redbook.In corporate news, Yum Brands (YUM) shares rose 1.5% after it said it has agreed to sell Pizza Hut in two deals valued at about $2.7 billion. Private equity firm LongRange Capital will acquire Pizza Hut outside China for about $1.5 billion, while Yum China (YUMC) will purchase the Chinese business for $1.2 billion, Yum Brands said Tuesday. Yum China shares were down 0.9%.Senators Edward Markey (D-Mass.) and Richard Blumenthal (D-Conn.) on Monday asked the US National Highway Traffic Safety Administration to examine Tesla's (TSLA) self-published crash statistics for its "Full Self-Driving" system, Reuters reported Tuesday. In their letter to the NHTSA, the senators cited an earlier Reuters investigation that found that Tesla was exaggerating its safety claims, the report said. Tesla shares were down 1.1%.Netflix (NFLX) is one of several media companies interested in acquiring Lionsgate Studios (LION), Semafor reported. Netflix shares fell 3.7%, and Lionsgate jumped 14%.Rivian Automotive (RIVN) laid off hundreds of employees, or under 2% of its workforce, Tuesday, the Wall Street Journal reported, citing a company spokesperson. The layoffs affected workers in the electric-vehicle maker's service and customer organization, the report said. Rivian shares fell 4.5%.
Consumer stocks edged up late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each fractionally higher.In corporate news, Rivian Automotive (RIVN) laid off hundreds of employees, or under 2% of its workforce, Tuesday, the Wall Street Journal reported, citing a company spokesperson. The layoffs affected workers in the electric-vehicle maker's service and customer organization, the report said. Rivian shares fell 4.3%.
Rivian Automotive (RIVN) laid off hundreds of employees, or under 2% of its workforce, Tuesday, the Wall Street Journal reported, citing a company spokesperson.The layoffs affected workers in the electric-vehicle maker's service and customer organization, the report said.Rivian didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $15.86, Change: $-0.82, Percent Change: -4.92%
Rivian Automotive Lays Off Hundreds of Workers, Wall Street Journal Reports
Uber Technologies (UBER) is evolving into a "diversified everything app" from predominantly a ride-hailing service, with growing margins, Tigress Financial Partners said Friday.The company has expanded its network of ride-hailing and delivery services, ventured into "platform adjacencies" that offer high margins, and pursued capital-light partnerships with autonomous and electric vehicle manufacturers, Tigress Director of Research Ivan Feinseth said in a note to clients.The brokerage noted Uber's partnerships and collaborations with major players such as Nvidia (NVDA), Alphabet's (GOOG, GOOGL) Waymo, Mobileye Global (MBLY), Rivian Automotive, (RIVN), Lucid Group (LCID) and Expedia Group (EXPE)."Uber is turning its scaled mobility and delivery networks, high-margin platform adjacencies, combined with its capital-light, (artificial intelligence-driven) AV/EV and travel partnerships, into a diversified everything app with expanding margins and long-term compounding potential," Feinseth said.Last month, Uber issued a bookings growth outlook that surpassed Wall Street's estimates, while its first-quarter profit grew year over year."Uber's pivot from subsidized growth to disciplined, self-funded expansion has driven (earnings before interest, taxes, depreciation, amortization, and restructuring) and free cash flow growth ahead of revenue, inflecting (return on capital) from negative levels in 2021 to meaningfully above its cost of capital, and positioning it for compound economic profit through continued reinvestment, share repurchases, and selective (mergers and acquisitions)," Feinseth said Friday.Tigress raised its price target on the Uber stock to $115 from $110 while reiterating its buy rating."We believe further upside in the shares exists, and our 12-month target price of $115 represents a potential return of close to 65% from current levels," Feinseth wrote.The company's shares were down 2% in Friday afternoon trade. So far this year, the stock has lost nearly 17% in value.Price: $68.15, Change: $-1.40, Percent Change: -2.01%
Rivian Automotive (RIVN) said Tuesday it started the first public customer deliveries of its new R2 mid-size SUV from its production plant in Normal, Illinois.The electric vehicle manufacturer also began issuing order invitations to existing pre-order holders on a rolling basis, providing accelerated distribution timing for current owners, the company said.Initial vehicle rollouts feature the R2 Performance model with a launch package starting at $57,990, while Premium setups will arrive late this year, and Standard options will debut through 2027, it added.The firm intends to construct additional assembly capacity for the SUV line at a second manufacturing plant in Stanton Springs, Georgia, which will begin assembling vehicles in late 2028, Rivian said.Price: $16.25, Change: $-0.59, Percent Change: -3.53%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target by $2 to $22, a material premium to our DCF valuation and RIVN's tangible book value of $3.49/share. We are raising our adjusted EPS estimates to -$2.25 from -$2.40 for '26 and to -$1.85 from -$1.95 for '27. Following RIVN's better-than-expected Q1 earnings, we are raising our estimates and price target and maintaining a Buy rating on the shares. RIVN's Q2 earnings were ahead of expectations, although cash burn remains a key concern, with FCF deteriorating, due to increased operating expenses and working capital consumption. We continue to view the stock's risk/reward as favorable, and we believe investor sentiment could shift in a higher oil price environment (and potentially, a shifting political environment) after a very difficult stretch of equity performance. We think RIVN is in a much more favorable situation relative to EV manufacturer peers due to its software and services partnership and positive gross margins.
Rivian Automotive (RIVN) posted Q1 results with beats across the board and reiterated its 2026 outlook while navigating a "murky" electric vehicle backdrop and trying to cut costs to achieve profitability goals, Wedbush Securities said in a note Friday.The investment firm highlighted Rivian's revenue beat backed by a 20% year on year increase in delivery volumes.The company also saw software and services revenue rise 49% year on year to $473 million, driven by an increase in vehicle electrical architecture and software development services, according to the note.Rivian's robotaxi collaboration with Uber (UBER), under which Uber is expected to buy up to 50,000 autonomous vehicles and software licensing fees, is a validation of Rivian's tech roadmap and AI strategy, the investment firm said.Wedbush reiterated Rivian's outperform rating and $25 price target.Shares of Rivian were down more than 6% in Friday trading.Price: $15.37, Change: $-1.03, Percent Change: -6.30%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Rivian (RIVN) posted Q1 adjusted EPS of -$0.55 vs. -$0.41, ahead of the -$0.60 consensus. Revenue rose 11% to $1.38B ($10M ahead of consensus) on a 20% increase in total vehicle sales to 10,365 units, augmented by a 49% Y/Y increase in software and services revenue to $473M. RIVN's gross margin contracted 800 bps to 8.6%, but was ahead of the 8.4% consensus. The quarter's financial results reflect the company's strategic pivot toward broader market accessibility with the R2, though at the cost of near-term profitability. RIVN maintained prior 2026 guidance for adjusted EBITDA, vehicle deliveries, and capex. The company ended Q1 with cash of $4.8B, down from $6.1B at year-end 2025. Shares are trading 1% higher in after-hours trading. RIVN's Q1 earnings were ahead of expectations, although cash burn remains a key concern, with free cash flow deteriorating, driven by increased operating expenses and working capital consumption. Execution risks remain high given challenging demand facing the broader EV industry.
Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.8%.In sector news, the US Department of Justice's Antitrust Division is criminally investigating large meatpacking companies after President Donald Trump in November accused the firms of manipulating prices, The Wall Street Journal reported.In corporate news, QXO (QXO) has agreed to buy insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, as the roofing products distributor aims to expand its building products portfolio. QXO shares fell 5.2%, and TopBuild jumped past 17%.Brown-Forman (BF.A) is said to favor a potential sale to Pernod Ricard over another proposal from Sazerac, Bloomberg reported. Brown-Forman shares were down 0.8%.Rivian Automotive's (RIVN) factory in central Illinois was damaged by a tornado over the weekend, CNBC reported, citing an internal message from CEO RJ Scaringe to employees Sunday night. Rivian shares fell 1.8%.
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