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4 great ASX growth shares to buy

There are four ASX growth shares that are rated as buys by one of the Motley Fool investment services.

Here are those picks:

Betashares Nasdaq 100 ETF (ASX: NDQ)

This exchange-traded fund (ETF) gives exposure to some of the biggest businesses in the US which are growing at a fast rate.

Its top holdings include businesses like Microsoft, Amazon, Apple, Alphabet, Facebook, Tesla, Nvidia and PayPal.

It has an annual management fee of 0.48% per annum. Its net returns over previous years has materially more than the ASX. At the end of October 2020, it had generated a net return of 34.5% over the previous 12 months, over the past three years its net return per annum has been 25% and since inception in May 2015 the net return has been 20.8% per annum.

BetaShares said that one of the reasons to consider this ETF is that with its strong focus on technology, the ETF provides diversified exposure to a high-growth potential sector that is under-represented in the Australian share market.

This ETF is currently rated as a buy by the Motley Fool Share Advisor investor service.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is an electronic donation business that helps churches in the US to receive donations.

The ASX growth share has seen an increased adoption of its digital services during the year from COVID-19 effects.

The company’s new product called ChurchStaq, which combines the functionality of both Pushpay and its acquisition called Church Community Builder, is proving popular with churches according to the company.

Pushpay recently increased its FY21 guidance again for earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) to be between US$54 million to US$58 million. The company recently reported in its FY21 interim result that EBITDAF jumped 177% to US$26.7 million.

It’s currently rated as a buy by the Motley Fool Pro service.

BWX Ltd (ASX: BWX)

BWX is a natural beauty business with a variety of brands including Sukin, Mineral Fusion, Andalou Naturals and Nourished Life.

The BWX share price has drifted lower since the end of August, it’s down 20%.

BWX recently announced a partnership with THG to help it grow in Europe. It’s aiming for European revenue of $30 million to $50 million by the end of FY23.

The ASX growth share is building a new manufacturing hub in Melbourne to support the next phase of growth which should help profit margins increase further.

In FY21 BWX expects to achieve revenue and EBITDA growth of at least 10%.

It’s currently rated as a buy by the Motley Fool Million Dollar Portfolio investor service.

Kogan.com Ltd (ASX: KGN)

Kogan.com is an e-commerce platform business that sells a wide variety of products like TVs, phones, appliances, furniture, clothes and food. It also offers a number of other services like internet, mobile, insurance and superannuation.

The Kogan.com share price has fallen by 32% since 9 November 2020.

The ASX growth share recently told investors at in its AGM update that between July and October 2020, gross sales had increased by 99.8%, gross profit had gone up 131.7% and adjusted EBITDA had risen by 268.8%.

Kogan.com has been investing in its marketing to build its customer base and brand which it expects will have long term benefits for the company.

Founder of Kogan, Ruslan Kogan, recently commented on the benefit to the company of its growing number of people using its loyalty scheme: “The Kogan First community of members grew exceptionally during the second half, and importantly these loyal members on average purchase and save much more often than non-members, demonstrating loyalty to the platform, and also demonstrating the significant savings and other benefits available through the loyalty program.”

The Motley Fool Share Advisor service currently rates the Kogan.com share price as a buy.

Where to invest $1,000 right now

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

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