4 super-fast growing stocks for your watch list

They’ve had exponential growth and there could be plenty more ahead.

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The following four stocks have produced mind blowing returns for shareholders clever enough to jump on board and ride these growth stories over recent years. In all four cases the businesses are still in the early stages of expansion with massive amounts of potential growth still ahead of them.

While the current pricing of each stock no doubt leaves some investors shaking their heads in disbelief, a case for buying each stock today can still be made.

There’s every chance that each company will report substantially higher revenues over the next few years, so whether or not you are a buyer at current levels these four stocks arguably deserve a place on your watch list.

1)      Greencross Limited (ASX: GXL) has rallied 96% in the past year and a staggering 1,420% in the past five years as the company has aggressively acquired veterinary clinics and expanded into other pet care verticals.

2)      G8 Education Ltd (ASX: GEM) is up 84% in the last 52-weeks and an outstanding 4,889% over the past five years! G8 has been successful in rolling-up childcare centres but still has a relatively small share of the overall market which is good news for shareholders as it leaves plenty of further opportunity for growth by acquisition.

3)      XERO FPO NZ’s (ASX: XRO) share price is up 113% and 482% over one and five years respectively. The company’s cloud-based accounting software has been a hit with customers, with Xero recently announcing it had reached a $100 million revenue run-rate.

4)      iProperty Group Ltd (ASX: IPP) is trying to do in Asia what REA Group Limited (ASX: REA) has achieved in Australia. So far, so good – in terms of share price appreciation at least – with iProperty’s stock rallying 268% in the last 12 months and 2,233% in the last half decade.

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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.

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