After the S&P/ASX 200 Index (INDEXASX: XJO) enjoyed its best 6-month start to the year since 1991, things have tempered a bit in recent months.
A ramp-up in the US-China trade war and a mixed bag of August earnings results have slowed the domestic index's 2019 growth, but there are still some stocks surging higher.
I've found 5 hot ASX growth stocks that have surged more than double throughout 2019 and could climb higher in the last quarter of 2019.
1. Nanosonics Ltd (ASX: NAN)
As of the close of trade on Tuesday, the Nanosonics share price had rocketed 133.8% higher so far in 2019.
The Aussie healthcare group's share price closed 33% higher at $6.50 per share after a strong earnings result and bullish FY2020 growth forecast.
Nanosonics said it had received approval for its trophon2 ultrasound disinfection system which boosted investors' hopes higher and saw the Nanosonics share price soar.
2. Magellan Financial Group Ltd (ASX: MFG)
Magellan has been a standout performer in the ASX 200 so far this year as the Aussie wealth manager has continued to enjoy strong inflows and market outperformance.
Under the guidance of CIO Hamish Douglass, the Magellan share price has surged 116% higher to $50.97 per share and has safely navigated the 2018 Financial Services Royal Commission where others in the sector have not.
3. Afterpay Touch Group Ltd (ASX: APT)
Despite a rocky start to the year punctuated by a Senate inquiry into the "buy now, pay later" sector and an AUSTRAC audit regarding its financial crime compliance, the Afterpay share price has performed strongly in 2019.
The Afterpay share price closed at $25.87 per share yesterday afternoon, 116% higher than its start-of-year valuation and 777% higher since its June 2017 IPO.
While rival Zip Co Ltd (ASX: Z1P) has seen its own share price triple throughout 2019, Afterpay has held steady as the company to beat amid a strong international expansion strategy.
4. Automotive Holdings Group Ltd (ASX: AHG)
The Automotive Holdings Group share price has been another top performer in the ASX 200 in 2019, rocketing 104% higher so far this year.
Unlike the other top performers, much of the growth in the company's share price has been from its now-approved merger with AP Eagers Ltd (ASX: APE).
The ACCC rubber-stamped the deal in late July and has climbed to $3.10 per share as at yesterday's close, up from $1.52 per share at the start of January.
5. WiseTech Global Ltd (ASX: WTC)
The leader of the "WAAAX" group of Aussie growth stocks, the WiseTech share price has had a stunning rebound in August to be trading 102.5% higher since the start of the year.
Having initially fallen as much as 18% so far this month on the US-China trade war fears, a strong full-year result now has the WiseTech share price up 8% for the month.
