Stock Market Today, Oct. 30: Rivian Raises Full-Year Guidance on Q3 Revenue Beat
Rivian Automotive (NASDAQ:RIVN), an electric pickup truck, SUV, and commercial delivery van maker, closed at $12.16, up 6.20%. Investors were reacting to a revenue beat and a raised outlook, and they are watching the Q3 earnings call for margin and delivery follow-through.
Trading volume reached 58.8 million shares, coming in about 144% above its three-month average of 24.1 million shares. Rivian Automotive IPO'd in 2021 and has fallen 88% since going public.
How the markets moved today
The S&P 500 (SNPINDEX:^GSPC) closed at 7,580, down 1.82%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 25,437, down 2.86%. Among automotive manufacturers, electric vehicles and related software/services peers, Lucid Group closed at $3.02, down 5.63%, and Ford Motor closed at $12.25, down 0.89%, as investors weighed EV demand and earnings updates.
What this means for investors
Rivian beat expectations on several metrics and raised full-year guidance after third-quarter revenue rose 38% to $2.16 billion. Analysts on average expected $1.99 billion.
Rivian also raised its financial guidance and vehicle delivery estimate for 2026 as it ramps up production of its new R2 SUV. Rivian expects the more moderately priced offering will lead to higher sales volumes. The R2 is already its best-selling EV, the company said.
After the report, Jefferies analyst Philippe Houchois upgraded Rivian to a buy rating. He kept his firm's price target at $17 per share and believes accelerating production volume will help the stock reach it.
Should you buy stock in Rivian Automotive right now?
Before you buy stock in Rivian Automotive, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rivian Automotive wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $334,631!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,312,844!*
Now, it’s worth noting Stock Advisor’s total average return is 893% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of October 30, 2026.
Howard Smith has positions in Lucid Group and Rivian Automotive. The Motley Fool has positions in and recommends Jefferies Financial Group. The Motley Fool has a disclosure policy.
Recommended Articles
