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Top Ranked Growth Stocks to Buy for August 7th

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Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 7th:

CarGurus, Inc. (CARG - Free Report) : This operator of an online automotive marketplace, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days.

CarGurus, Inc. Price and Consensus

CarGurus has a PEG ratio of 2.31, compared with 3.72 for the industry. The company possesses a Growth Score of A.

CarGurus, Inc. PEG Ratio (TTM)

Owens & Minor, Inc. (OMI - Free Report) : This healthcare solutions company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

Owens Minor, Inc. Price and Consensus

Owens & Minor has a PEG ratio 0.37, compared with 2.14 for the industry. The company possesses a Growth Score of A.

Owens Minor, Inc. PEG Ratio (TTM)

Daqo New Energy Corp. (DQ - Free Report) : This manufacturer and seller of polysilicon to photovoltaic product manufactures in China, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.4% over the last 60 days.

DAQO New Energy Corp. Price and Consensus

Daqo has a PEG ratio 0.56, compared with 2.27 for the industry. The company possesses a Growth Score of B.

DAQO New Energy Corp. PEG Ratio (TTM)

Meritage Homes Corporation (MTH - Free Report) : This designer and builder of single-family homes, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 70.8% over the last 60 days.

Meritage Homes Corporation Price and Consensus

Meritage Homes has a PEG ratio 0.60, compared with 1.28 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.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.

These 7 were selected because of their superior potential for immediate breakout.

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