Top Ranked Growth Stocks to Buy for October 16th

Zacks Equity Research Published on October 16, 2020

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 16th:

Avnet, Inc. (AVT - Free Report) : This marketer and seller of electronic components, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.

Avnet, Inc. Price and Consensus

Avnet has a PEG ratio of 1.02, compared with 1.17 for the industry. The company possesses a Growth Score of B.

Avnet, Inc. PEG Ratio (TTM)

M.D.C. Holdings, Inc. : This company that is engaged in homebuilding and financial service businesses, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.

M.D.C. Holdings, Inc. Price and Consensus

MDC has a PEG ratio of 0.75, compared with 1.06 for the industry. The company possesses a Growth Score of B.

M.D.C. Holdings, Inc. PEG Ratio (TTM)

Copart, Inc. (CPRT - Free Report) : This provider of online auctions and vehicle remarketing services, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.3% over the last 60 days.

Copart, Inc. Price and Consensus

Copart has a PEG ratio of 3.14, compared with 3.35 for the industry. The company possesses a Growth Score of B.

Copart, Inc. PEG Ratio (TTM)

Meritage Homes Corporation (MTH - Free Report) : This designer and builder of single-family homes in the United States which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

Meritage Homes Corporation Price and Consensus

Meritage Homes has a PEG ratio of 0.53, compared with 1.06 for the industry. The company possesses a Growth Score of A.

Meritage Homes Corporation PEG Ratio (TTM)

See the full list of top ranked stocks here

Learn more about the Growth score and how it is calculated here.

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