3 Growth Stocks Down 30% or More to Buy Right Now

Core Viewpoint - The S&P 500 has increased by 81% over the last five years, reaching an all-time high, making it challenging to find quality growth stocks that are not also hitting new highs [1] Group 1: Five Below - Five Below has demonstrated strong revenue growth, with net sales up 12% year-over-year for the first three quarters of fiscal 2024, attributed to the opening of 205 new stores [3] - The company plans to open approximately 1,800 additional stores by 2030, indicating its growth potential [3] - Despite challenges from inflation and international sourcing, the stock price may already reflect these issues, trading at about 20 times the expected earnings per share of $4.34 to$4.52 [5] - Five Below has a robust balance sheet with over $200 million in cash and no debt, positioning it well to navigate economic challenges [6] Group 2: The Trade Desk - The Trade Desk reported a revenue miss for Q4 2024, generating$741 million against a guidance of at least $756 million, leading to a stock decline of over 40$1 trillion, with current platform revenue at $12 billion, indicating substantial growth opportunities [10] - Despite a drop in Q4 revenue growth to 22% and a forecast of 17% for the next quarter, the management's track record suggests potential for recovery [10][11] Group 3: e.l.f. Beauty - e.l.f. Beauty's management anticipates only a 2% increase in net sales for the upcoming fiscal fourth quarter of 2025, but this may be a temporary setback [12] - The company has gained market share in mass-market cosmetics, despite current sales slowing [13][14] - International sales for e.l.f. Beauty grew by 66% year-over-year in Q3, representing only 20% of total sales, indicating significant growth potential in international markets [15]