Are these 3 ASX 200 shares trading around 52-week lows a buying opportunity?

Big names trading at big discounts compared to a year ago…

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So far 2022 has not been a year of positive returns for the S&P/ASX 200 Index (ASX: XJO). With the benchmark index down around 6% year-to-date, many well-known ASX shares within the top 200 have suffered.

For some, the damage means share prices are now flirting with the lowest levels witnessed in the past year. While this is might be painful, there’s a chance this could represent an opportunity for investors to pick up some quality companies at bargain-bin prices.

Here’s a look at three established ASX 200 shares that have been beaten up.

Profitable ASX 200 shares on the low

Bapcor Ltd (ASX: BAP)

Bapcor is an ASX 200 share that has been around for more than 50 years. What initially started out as Burson Group in 1971, Bapcor has grown to include automotive brands Autobarn, Midas, and Toperformance.

Importantly, the company maintained commendable high single-digit growth in revenue and earnings last year. Simultaneously, Bapcor has been lifting its dividends to shareholders consistently for the last five years.

The Bapcor share price is down approximately 24% over the past year. At present, shares are fetching a $6.07 price, slightly above the 52-week low of $6.00 per share.

ARB Corporation Limited (ASX: ARB)

After several years of steady growth, this ASX 200 share has enjoyed a rapid acceleration over the past 18 months. The 4X4 accessories manufacturer avoided getting bogged in 2020 — and instead, scaled its sales like a beast.

To put the company’s growth into context, revenue for the last 12 months ending June 2020 came in at $466.9 million. Fast forward to the 12 months ending December 2021, and that figure had grown by 50% to $701.2 million.

The ARB share price is 25% underwater compared to where it was a year ago. Right now, investors can snap up ARB shares at $30.55 apiece, 5 cents above its 52-week low.

Super Retail Group Ltd (ASX: SUL)

Lastly, another ASX 200 share that has stood the test of time — operating for more than 50 years — is automotive retailer Super Retail Group. To cut to the chase, the group owns a well-known competitor to Autobarn, Supercheap Auto. However, it also mixes in a variety of other outdoor-centric businesses including Rebel, BCF, and Macpac.

Much like the other companies listed above, Super Retail Group experienced a rush of growth during the FY2021 financial year. In turn, profit margins expanded from 3.9% to 8.7%, as cashed-up shoppers unloaded a spending flurry. Since then, revenue and earnings have begun to retrace to an extent. Yet, both metrics are still significantly above pre-pandemic levels.

The Super Retail Group share price is licking its wounds having tumbled 28% in the space of a year. For opportunistic investors, this presents a chance to grab shares in the company at $9.22 — 5 cents above its 52-week low.

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended ARB Corporation Limited and Bapcor. 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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