Should you buy these beaten down growth stars?

Should you buy Corporate Travel Management Ltd (ASX:CTD) and another beaten down growth share?

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On Monday the local share market started the week with a day in the red. The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished the day 0.5% lower at 5,818.1 points.

This soft start to the week led to two of the most popular growth shares on the ASX trading at 52-week lows. Should you snap them up?

The Corporate Travel Management Ltd (ASX: CTD) share price touched on a 52-week low of $19.20 on Monday. The corporate travel specialist's shares have come under significant selling pressure since the release of short seller report from VGI Partners last week. And while management responded to the attack with a comprehensive rebuttal and confirmed that the company is tracking towards the high end of its profit growth guidance in FY 2019, it hasn't been enough to keep some shareholders on board.

This share price decline means that Corporate Travel Management's shares are now changing hands at 22x estimated forward earnings. While this is great value given its strong long term growth potential, I'd suggest investors stick with Helloworld Travel Ltd (ASX: HLO) or Webjet Limited (ASX: WEB) until things blow over.

The Kogan.com Ltd (ASX: KGN) share price was trading at a 52-week low of $2.71 on Monday. This meant that its shares had lost approximately 73% of their value since peaking at $10.00 in June. Heavy insider selling and a bitterly disappointing trading update for FY 2019 has largely been to blame for the share price weakness which has left it trading at just 18x earnings.

While Kogan.com's shares do look dirt cheap on paper now, I'd like to see how its softer margins have impacted its profits before investing. In light of this, I would suggest investors wait for a further update on its performance at its annual general meeting next week.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia owns shares of Helloworld Limited. The Motley Fool Australia has recommended Kogan.com ltd and Webjet Ltd. 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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