Are these 2 top ASX shares beaten-up buys?

Pushpay and Bapcor are two stocks that have fallen in recent months.

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There are a number of ASX shares that have seen a decline of their share prices in recent times. But they could be attractive opportunities with their long-term growth plans.

Between the Omicron COVID-19 variant and business updates, the two businesses in this article could be leading ideas.

Here are two top ASX shares that could be opportunities:

Bapcor Ltd (ASX: BAP)

Bapcor is a leader of auto parts in Australia and New Zealand with a number of different businesses including Burson, Autobarn, Autopro and Truckline.

Over the last week, Bapcor shares have declined 14% over the last week.

Last week, the business announced that its veteran CEO and Managing Director Darryl Abotomey is going to retire at the end of February 2022. He has been the boss for a decade.

Mr Abotomey commented that the business has been transformed and is strong operationally and financially. The business is currently undertaking a global search for a new CEO.

Bapcor has expanded its Asian exposure with an investment in Tye Soon to buy 25% of the Singapore-listed auto parts business which has operations in places like South Korea, Malaysia, Singapore and Australia.

The ASX share itself wants to grow its network from approximately 1,100 today to more than 1,500 locations over the next five years. Retail represents the largest increase in numbers for this goal. Bapcor also wants to grow its own brand product market penetration which will increase profitability.

The business also plans to build its network of Bursons in Asia, where it currently has an early foothold in Thailand.

Bapcor is looking to improve it is supply chain and become even more efficient.

As the number of vehicles in Australia increases, the average age of vehicles is getting older and the number of parts required continues to increase.

Pushpay Holdings Ltd (ASX: PPH)

Since the start of November 2021, the Pushpay share price has fallen almost 30%.

A few weeks ago, the business reported its FY22 half-year result. It provides electronic donation processing services as well as church management tools.

HY22 saw total processing volume and operating revenue both increase by 9% in the first six months of the financial year. It’s expecting continued growth in the number of donor management system products used by customers, further development of its product set resulting in higher usage, and higher digital giving.

Underlying operating profit (EBITDAFI) increased 12% to US$296 million, showing profit was rising faster than revenue. The gross profit margin increased from 68% to 69%. Pushpay’s net profit after tax surged 43% to US$19.1 million.

The ASX share is planning to attract new customers and expand into new segments.

Pushpay is expanding into the Catholic segment with a goal of capturing 25% of the Catholic church management market over the next five years.

Whilst the business is expecting longer-term growth, Pushpay downgraded its expectations for this year and said underlying EBITDAFI is expected to be between US$60 million to US$65 million in FY22.

According to Commsec, the Pushpay share price is valued at 16x FY24’s estimated earnings.

Should you invest $1,000 in Pushpay right now?

Before you consider Pushpay, you'll want to hear this.

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The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia has recommended Bapcor. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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