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Core & Main Expands Share Repurchase Program by $500M

Story Highlights
  • Core & Main increased its share repurchase program by $500 million, totaling $1 billion.
  • The company reported a 1.2% increase in net sales for Q3 2025, driven by acquisitions and sales initiatives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Core & Main Expands Share Repurchase Program by $500M

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An update from Core & Main ( (CNM) ) is now available.

On December 9, 2025, Core & Main announced a $500 million increase to its share repurchase program, raising the total authorization to $1 billion. As of December 8, 2025, the company had repurchased $316 million in shares, leaving $684 million available for future buybacks. The company also reported its fiscal 2025 third-quarter results, showing a 1.2% increase in net sales to $2,062 million, driven by acquisitions and strong sales initiatives. Despite challenges in residential demand, Core & Main achieved growth in several product categories and expanded geographically by opening new locations in Houston, Texas, and Denver, Colorado. The company continues to focus on strategic priorities, including cost savings and geographic expansion, to maintain its industry-leading position and create long-term shareholder value.

The most recent analyst rating on (CNM) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Core & Main stock, see the CNM Stock Forecast page.

Spark’s Take on CNM Stock

According to Spark, TipRanks’ AI Analyst, CNM is a Neutral.

Core & Main’s overall stock score is influenced by strong financial performance and strategic growth initiatives. However, bearish technical indicators and revised downward guidance from the earnings call present challenges. The valuation is fair, but the lack of a dividend yield may deter some investors.

To see Spark’s full report on CNM stock, click here.

More about Core & Main

Core & Main, Inc. is a leading specialty distributor focused on advancing reliable infrastructure with local service nationwide. The company specializes in products such as fusible high-density polyethylene, treatment plant solutions, and geosynthetics, with a strong emphasis on addressing aging water infrastructure.

Average Trading Volume: 2,692,622

Technical Sentiment Signal: Sell

Current Market Cap: $9.87B

For an in-depth examination of CNM stock, go to TipRanks’ Overview page.

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