We're nearly into the final month of the year. Time will tell if there's a Santa rally or not. But there are some ASX growth shares rated as a buy by a Motley Fool investment service.
Here are those ASX growth share picks:
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Betashares Global Cybersecurity ETF (ASX: HACK)
This is an exchange-traded fund (ETF) which looks to give investors exposure to global cybersecurity giants, as well as emerging players, from a range of global locations.
As of last week, its largest positions were: Crowdstrike, Okta, Zscaler, Accenture, Cisco Systems, Cloudflare, F5 Networks, Palo Alto Networks, Leidos and Science Applications.
Since inception in August 2016, its net return has been 16.8% per annum. That's after the annual management fee of 0.67% per annum.
BetaShares said that with cybercrime on the rise, the demand for cybersecurity services is expected to grow strongly for the foreseeable future.
The Motley Fool Pro service currently rate the Betashares Global Cybersecurity ETF as a buy.
Pushpay Holdings Ltd (ASX: PPH)
Pushpay is an electronic donation business that largely services the faith sector, namely being large and medium US churches.
The ASX growth share is aiming to reach a market share of around 50% which would see it generate US$1 billion of annual revenue.
Pushpay recently said it expects "significant operating leverage to accrue as operating revenue continues to increase, while growth in total operating expenses remains low."
In FY21 Pushpay is aiming to more than double its earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) to a range of between US$54 million to US$58 million.
The company just went through a share split, which is why the Pushpay share price looks like it has fallen from where it was last week.
Pushpay is currently rated as a buy by the Motley Fool Pro service.
Kogan.com Ltd (ASX: KGN)
Kogan.com is an e-commerce website that sells a wide variety of products and services. TVs, computers, phones, appliances, furniture and clothes are just some of the products that it offers. It also sells various services that a household may want such as energy, mobile plans, insurance, credit cards, home loans, superannuation and internet.
The ASX growth share also offers a membership service that includes free delivery and discounts available only to members.
Mr Kogan, the founder of the company, has spoken about 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."
Kogan.com is currently rated as a buy by the Motley Fool Share Advisor service.
Bapcor Ltd (ASX: BAP)
Bapcor is an auto parts business, the biggest in Australia and New Zealand. It has a variety of brands including trade business Burson Trade, retail chain Autobarn and various wholesale specialists.
The ASX growth share recently gave a trade update. Burson Trade revenue was up 10%, with same store sales growth of 7.7% – it was up 17% excluding Victoria. New Zealand revenue grew by 6% on same store sales growth of 4%. Retail revenue soared 47% higher, with Autobarn same stores sales going up 36%. Finally, specialist wholesale revenue went up 45%, though excluding acquisitions revenue went up 18%. Overall, group revenue went up by 27%.
However, due to the uncertainty, Bapcor wasn't able to give any guidance for the rest of the year.
The Motley Fool Dividend Investor service currently rates the Bapcor share price as a buy.
