3 brilliant ASX growth shares to buy

Here's why I think Zip Co Ltd (ASX:Z1P) and these ASX growth shares could be brilliant buys for growth investors next week…

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If you're interested in adding some growth shares to your portfolio next week, then you might want to consider the three listed below.

I believe these ASX growth shares could provide market-beating returns for investors over the long term. Here's why I think they are in the buy zone:

A chalk board with drawings of a lightbulb containing dollar signs, with the word GROWTH written below, indicating ASX growth shares

Image source: Getty Images

a2 Milk Company Ltd (ASX: A2M)

I think A2 Milk Company is a growth share to buy. The New Zealand-based infant formula and fresh milk company has been growing its earnings at a rapid rate over the last years. This has been driven largely by strong sales in the daigou channel and on mainland China. And while the daigou channel has been impacted in FY 2021 by lockdowns and will weigh on its near term growth, I expect a swift rebound once the crisis passes. After which, I expect further strong growth thanks to its modest market share in China, strong brand, increasing distribution footprint, and potential value accretive acquisitions.

REA Group Limited (ASX: REA)

Another ASX growth share that I would buy is REA Group. I think the owner and operator of the realestate.com.au website is well-placed for growth over the next decade thanks to its dominant ANZ business and its growing international operations. Another positive is its cost cutting during the pandemic. If a portion of these cost reductions can be maintained, then it should be supportive of margin expansion. Especially given the company's price increase opportunities and new revenue streams.

Zip Co Ltd (ASX: Z1P)

A final ASX growth share to consider buying is this buy now pay later provider. I think it could be a great long term option due to the growing popularity of the payment method, the demise of credit cards, and its global expansion. While there is a fair bit of uncertainty because of PayPal's entry into the market in the United States, I believe there is plenty of room for multiple players to operate successfully in the $5 trillion market. Pleasingly, business is booming in the United States for Zip's QuadPay business. Last week it revealed that QuadPay customer numbers had reached 2.2 million at the end of September. This means almost half of its customer base is now in the United States. If it can build on this momentum during the holiday season, it could be a big year for Zip.

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended REA Group Limited. 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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