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Uber Evolving Into 'Everything App' With Expanding Margins, Tigress Says
Wire

Uber Evolving Into 'Everything App' With Expanding Margins, Tigress Says

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%

$EXPE$GOOG$GOOGL$LCID$MBLY$NVDA$RIVN$UBER
Wire

Rivian Automotive Starts Public R2 SUV Deliveries

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%

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Research

Research Alert: CFRA Maintains Buy Opinion On Shares Of Rivian Automotive, Inc.

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.

$RIVN
Wire

Rivian Delivers Q1 Across the Board Beats Amid 'Murky' EV Scenario, Wedbush Says

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%

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Research

Research Alert: Rivn: Q1 Eps Ahead Of Consensus; 2026 Guidance Unchanged

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.

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Wire

Sector Update: Consumer Stocks Decline in Afternoon Trading

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%.

$BF.A$BLD$QXO$RIVN
Wire

Update: Market Chatter: Rivian's Illinois Factory Hit by Tornado; No Injuries Reported

(Updates with the company's response in the last two paragraphs.)Rivian Automotive's (RIVN) factory in central Illinois was damaged by a tornado over the weekend, CNBC reported Monday, citing an internal message from CEO RJ Scaringe to employees Sunday night.The tornado struck an area used for parts storage for Rivian's R2 electric vehicle, which is expected to go on sale this spring, the report said.No injuries were reported, and operations in the damaged area are expected to resume this week, the report said.A Rivian spokesperson toldthat an EF-1 tornado touched down on the R2 plant on Friday evening, with Building 2 sustaining damage. The damaged area is closed for assessments, but no injuries were reported.The impacted area was primarily used for R2 logistics, and operations are expected to resume this week, the spokesperson added.(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: $16.91, Change: $-0.32, Percent Change: -1.89%

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Wire

Market Chatter: Rivian's Illinois Factory Hit by Tornado; No Injuries Reported

Rivian Automotive's (RIVN) factory in central Illinois was damaged by a tornado over the weekend, CNBC reported Monday, citing an internal message from CEO RJ Scaringe to employees Sunday night.The tornado struck an area used for parts storage for Rivian's R2 electric vehicle, which is expected to go on sale this spring, the report said.No injuries were reported, and operations in the damaged area are expected to resume this week, the report said.Rivian did not immediately respond to a request for comment by.(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: $16.86, Change: $-0.38, Percent Change: -2.18%

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Insider Trading

Rivian Automotive Insider Sold Shares Worth $346,782, According to a Recent SEC Filing

Robert J Scaringe, Director, Chief Executive Officer, on April 14, 2026, sold 21,446 shares in Rivian Automotive (RIVN) for $346,782. Following the Form 4 filing with the SEC, Scaringe has control over a total of 3,636,201 Class A common shares of the company, with 1,001,138 shares held directly and 2,635,063 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1874178/000189151726000021/xslF345X05/wk-form4_1776372818.xml

$RIVN
Wire

Rivian, Redwood Materials Report Energy Storage Partnership

Rivian Automotive (RIVN) and Redwood Materials said Tuesday they are partnering to deploy battery energy storage at Rivian's manufacturing facility in Normal, Illinois.They will initially provide 10 megawatt-hours of dispatchable energy to cut cost and grid load during peak demand with over 100 second-life Rivian battery packs, according to the release.Rivian will supply EV battery packs to Redwood, who will integrate them into a Redwood Energy system, it said.Price: $16.09, Change: $+0.19, Percent Change: +1.21%

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