In this piece, we will take a look at the 5 High Growth Retail Stocks That Are Profitable. For more such companies, go to the 10 High Growth Retail Stocks That Are Profitable.
5. TravelCenters of America Inc. (NASDAQ:TA)
Revenue Growth YOY: 47.82%
Headquartered in Ohio, United States, TravelCenters of America Inc. (NASDAQ:TA) operates travel centers, fueling stations, convenience stores, and restaurants. The company also offers truck service facilities and roadside assistance. As of September 2022, TravelCenters of America Inc. (NASDAQ:TA) had more than 275 full-service travel centers, 40 franchise-operated sites, over 150 full-service restaurants, and 450 quick-service restaurants.
4. MercadoLibre, Inc. (NASDAQ:MELI)
Revenue Growth YOY: 49.06%
MercadoLibre, Inc. (NASDAQ:MELI) is an Argentinian company that operates one of the largest e-commerce marketplaces in Latin America. The marketplace allows merchants to set up their digital stores where they connect with customers to conduct business in a fixed-price or auction format. In addition, MercadoLibre, Inc. (NASDAQ:MELI) provides advertisement services to brands to market their services and products online. MercadoLibre, Inc. (NASDAQ:MELI) also operates several complementary businesses, including Mercado Envios, Mercado Pago, Mercado Clic, and Mercado Shops.
On February 23, 2023, MercadoLibre, Inc. (NASDAQ:MELI) announced its fourth-quarter 2022 results. The company reported a revenue of $3.00 billion, surpassing market estimates by $37.27 million. The Normalized EPS stood at $3.25, exceeding market expectations by $0.76.
3. Arhaus, Inc. (NASDAQ:ARHS)
Revenue Growth YOY: 54.21%
Arhaus, Inc. (NASDAQ:ARHS) is an American home furnishing retailer. The company offers office furniture, indoor and outdoor residential furniture, home decor, and lighting products. Arhaus, Inc. (NASDAQ:ARHS) operates more than 80 stores in over 25 states, including Virginia, Alabama, Utah, Wisconsin, Texas, Ohio, and New York.
On February 7, 2023, Seth Sigman, an analyst at Barclays, started covering Arhaus, Inc. (NASDAQ:ARHS) with an Overweight rating and increased his price target on the company’s shares to $16 from $14. The analyst is bullish on the company’s prospects in the premium home furnishings industry, citing its significant store expansion and rising consumer awareness.
2. Asbury Automotive Group, Inc. (NYSE:ABG)
Revenue Growth YOY: 56.89%
Asbury Automotive Group, Inc. (NYSE:ABG) is an automotive retailer based in the United States. The products and services of the company include new and used vehicles, repair, maintenance, parts replacements, collision repair services, insurance, and vehicle finance services. Asbury Automotive Group, Inc. (NYSE:ABG) operates in a total of 194 locations, including 156 dealership stores and 38 collision service centers.
On February 2, 2023, the company reported its fourth-quarter 2022 results. The revenue of Asbury Automotive Group, Inc. (NYSE:ABG) was reported to be $3.71 billion, falling short of analyst estimates by $150.51 million. The Normalized EPS stood at $9.12, beating analyst estimates by $0.91.
1. Polished.com Inc. (NYSE:POL)
Revenue Growth YOY: 747.57%
Polished.com Inc. (NYSE:POL) is an e-commerce platform for consumer goods based in the United States. The company offers household appliances such as refrigerators, kitchen electronics, washers, and dryers. Moreover, the company provides furniture, decor, lighting, bed and bath products, fitness equipment, air conditioners, and other household products. Polished.com Inc. (NYSE:POL) also provides furniture installation and removal services.
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