3 unstoppable ASX shares to invest $2,000 into right now

In 2020 the majority of companies on the Australian share market have been disrupted by the pandemic in some form.

But not all shares have. In fact, some have proven unstoppable this year and continue to deliver explosive growth.

The good news is that this strong form looks likely to continue post-crisis as well, which could make these unstoppable ASX shares great options for investors.

Here’s why I would invest $2,000 into them:

a2 Milk Company Ltd (ASX: A2M)

The first unstoppable ASX share to consider buying is a2 Milk Company. In FY 2020 this fresh milk and infant nutrition company delivered a 32.8% increase in revenue to NZ$1,730 million and a 34.1% lift in net profit after tax to NZ$385.8 million. This was driven largely by the strong demand for its infant formula in the China market. And while there are concerns over its high level of inventory and a possible short term sales slowdown due to the pulling forward of sales during the height of the pandemic, its long term outlook looks very positive. Especially given its modest market share in China. Management revealed that the company had just a 2% value share of the mother and baby store market in the country at the end of June.

Kogan.com Ltd (ASX: KGN)

Another unstoppable ASX share is Kogan. The ecommerce company has been an impressive performer this year and recently revealed a very strong full year result. In FY 2020, Kogan reported a 39.3% increase in gross sales to $768.9 million and a 57.6% increase in adjusted EBITDA to $49.7 million. This was driven by the accelerating shift to online shopping during the pandemic, which underpinned a 35.7% increase in active customers to 2,183,000. And with management confident that a retail revolution is taking place, I suspect there could be more of the same in the coming years. 

Pushpay Holdings Ltd (ASX: PPH)

A final unstoppable ASX share to buy is Pushpay. As with the others, the donor management system provider was in sensational form in FY 2020. It posted a ~1,500% increase in EBITDAF in FY 2020 thanks to strong demand for its platform, particularly during the the pandemic. The good news is that this strong form is expected to continue in FY 2021, with management providing guidance for EBITDAF of between US$48 million and US$52 million. This represents a 91.2% to 107% increase, respectively, year on year. Pleasingly, this is still only scratching at the surface of its sizeable market opportunity. Management is aiming to win a 50% share of the medium to large church market. This represents a massive US$1 billion revenue opportunity.

More reading

• Top ASX growth shares to buy in September 2020
• Invest like Warren Buffett and buy and hold these ASX shares
• These 2 ASX 200 shares could be the best value ideas
• Broker picks best ASX small cap stocks to buy from the reporting season
• New to investing? More ASX growth shares to buy now

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Kogan.com ltd and PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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