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3 rapidly growing ASX shares to buy now for strong long term returns

I’m a big fan of growth shares and feel quite lucky to have such a large number of them to choose from on the Australian share market.

Three that I think are among the best to buy right now are listed below. Here’s why I think they could be market-beaters over the coming years:

Bigtincan Holdings Ltd (ASX: BTH)

Bigtincan is a growing software as a service company that leverages artificial intelligence techniques to help companies boost their sales through end-to-end process enhancements. This includes by helping to deliver more targeted training to staff members and by streamlining the sales process by automating many manual tasks. Demand for its software has been growing very strongly in recent years and this has continued to be the case during the coronavirus pandemic. A recent update reveals that Bigtincan remains on course to achieve its guidance of 30% to 40% organic revenue growth in FY 2020.

Kogan.com Ltd (ASX: KGN)

Another growth share to consider buying is this growing ecommerce company. I believe Kogan is well-placed for growth over the next decade thanks to the continued rise in online shopping and the growing popularity of its Kogan-branded products and Marketplace. Another positive is its expansion into potentially lucrative verticals such as energy and mobile. If these are successful they should also be supportive of its growth over the long term. Finally, as with Bigtincan, the company has been a positive performer during the pandemic. It recently revealed that sales and gross profit were up over 50% during the month of March.

Pushpay Holdings Group Ltd (ASX: PPH)

A final growth share to consider is Pushpay. It is a fast-growing donor management platform provider for the faith sector. It has been growing at a very strong rate in recent years and looks set to continue doing so for the foreseeable future. Especially following the acquisition of church management system provider Church Community Builder for US$87.5 million. Management expects the increased scale and greater breadth of product offering and capability of the combined business to further enable Pushpay to execute on its strategy to deliver innovative solutions for the church. It is also expected to enhance revenue growth and margin improvement. Though, with its results due to be released tomorrow, it may be prudent to wait for those before investing.

These 3 stocks could be the next big movers in 2020

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO and Kogan.com ltd. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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