April is shaping up as an interesting time to be putting money to work.
Markets have pulled back, sentiment has wobbled, and a lot of quality growth names are no longer trading at the same stretched valuations we saw not that long ago.
For me, that is typically when I start leaning in.
Here are three ASX growth shares I would be comfortable buying this month.
HUB24 Ltd (ASX: HUB)
What I like about HUB24 is that it sits right in the middle of a structural shift.
More Australians are moving toward financial advice platforms, and advisers are increasingly consolidating onto the providers that offer the best technology and user experience. HUB24 continues to win on both fronts.
The momentum here is hard to ignore. The company delivered record platform inflows in the first half and continues to take market share, with funds under administration climbing strongly.
But what stands out to me is the operating leverage.
As more funds flow onto the platform, the economics improve. Revenue grows, margins expand, and earnings can scale faster than costs over time.
This is exactly the type of business model I look for in a long-term compounder.
It will not be cheap on traditional metrics, but I think that reflects the quality of the growth on offer.
Codan Ltd (ASX: CDA)
Codan is one I think is often misunderstood.
Many investors still associate it primarily with metal detection, which has been a strong performer. But the real growth story, in my view, is the communications segment and its exposure to defence, security, and increasingly, drone and counter-drone technology.
The company’s communications division is seeing strong demand from defence and unmanned systems, with revenue from the unmanned segment rising significantly and reflecting a broader structural shift in how conflicts and security operations are evolving.
That matters.
The world is becoming more complex from a geopolitical perspective, and technologies linked to drones, surveillance, and secure communications are becoming more important.
Codan sits right in that ecosystem.
What I like is that this is not a single-product story. It has multiple growth drivers across communications and metal detection, which helps diversify earnings while still benefiting from powerful tailwinds.
TechnologyOne Ltd (ASX: TNE)
TechnologyOne is one of those businesses that just keeps executing.
It does not always get the same attention as some of the higher-profile tech names, but I think it is one of the highest-quality software companies on the ASX.
What stands out to me right now is its confidence.
The company recently upgraded its guidance, expecting profit growth of 18% to 20% and strong recurring revenue expansion, driven in part by its continued push into AI-enabled products.
That tells me demand is strong and visibility is high.
I also like the consistency. This is a business that has built its reputation on delivering steady, reliable growth over long periods of time.
When you combine that with a SaaS model, high customer retention, and expanding global footprint, it starts to look like a classic long-term compounder.
Yes, it often trades at a premium. But I think that premium is earned.
Foolish takeaway
I think April could be a great time to selectively add growth exposure.
Volatility has created opportunities, but I am not necessarily looking for the cheapest stocks. I am looking for businesses with strong tailwinds, scalable models, and the ability to keep growing over many years.
HUB24, Codan, and TechnologyOne all tick those boxes for me.
The post 3 strong ASX growth shares I want to buy in April appeared first on The Motley Fool Australia.
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More reading
- How to become a millionaire with a $5,000 investment in ASX 200 shares each year
- Hub24 vs Netwealth: Which ASX tech stock is the better buy now?
- Top Australian shares to buy right now with $2,500
- 5 oversold ASX 200 shares to buy according to Wilsons
- 2 ASX shares I’d buy if the market fell another 10%
Motley Fool contributor Grace Alvino has positions in Codan and Hub24. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24 and Technology One. The Motley Fool Australia has recommended Hub24 and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.