Rivian Automotive (RIVN) Moves 24.5% Higher: Will This Strength Last?

Rivian Automotive Stock Performance - Rivian Automotive (RIVN) shares surged 24.5% to $16.49 in the last trading session, driven by higher-than-average trading volume [1] - The stock's recent performance compares to a 7.4% gain over the past four weeks [1] Rivian's Production and Delivery Figures - Rivian delivered 51,579 vehicles in 2024, within its projected range of 50,500-52,000 units [2] - The company produced 49,476 vehicles in 2024, exceeding its outlook of 47,000-49,000 units [2] Rivian's Financial Expectations - Rivian is expected to post a quarterly loss of$ 0.67 per share, representing a year-over-year improvement of +50.7% [3] - Revenues are projected to be $1.31 billion, down 0.5% from the year-ago quarter [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days [4] Industry Comparison - Rivian Automotive is part of the Zacks Automotive - Domestic industry [4] - Blue Bird (BLBD), another stock in the same industry, closed the last trading session 8.1% higher at$ 41.77 [4] - Blue Bird has returned -5.2% in the past month [4] - Blue Bird's consensus EPS estimate for the upcoming report is $0.83, unchanged over the past month and representing an -8.8% change from the previous year [5] - Blue Bird currently holds a Zacks Rank of 1 (Strong Buy) [5]