2 impressive ASX shares to buy in April 2021

There are a few ASX shares that are delivering impressive growth right now, including City Chic Collective Ltd (ASX:CCX).

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We're already into April 2021. There are some really impressive ASX shares that could be worth taking note of and investigating.

The below businesses are delivering solid levels of growth right now and have compelling international business growth plans to keep growing for years to come.

These two ASX shares could deliver outperformance over the coming years:

Bapcor Ltd (ASX: BAP)

Bapcor is one of the leading auto parts business in Australasia with a number of operating businesses including Burson and Autobarn.

A key to unlocking growth for the coming years has been the diversification of its operations. It has made some acquisitions in the trucks parts space and perhaps most interestingly, it's looking to grow a large Burson network in Asia.

Bapcor said that Thailand stores are performing well given the circumstances, especially due to COVID-19 restrictions, but the company sees potential to expand.

Under the company five year strategy and targets, Bapcor disclosed that it currently has six locations in Thailand generating $4 million of revenue. The target is more than 80 Burson locations with more than $100 million revenue. There are plenty of other countries in Asia that Bapcor can expand into.

The FY21 half-year result was particularly strong, compared to normal times, with revenue growth of 25.8% to $883.6 million, net profit after tax (NPAT) rose 49.7% to $67.7 million and pro forma earnings per share (EPS) increased 28.9% thanks to particularly strong retail revenue growth.

Looking to expand its Asian exposure, the ASX share has acquired a 25% stake of Tye Soon. It's described as the most prominent independent auto parts distributor of South East and North East Asia with operations in Singapore, Malaysia, Thailand, Hong Kong, South Korea and Australia. Its annual revenue is SG$200 million (Singapore dollars), which is equivalent to around $196 million Australian dollars.

Bapcor has invested SG$12.5 million for the 25% stake.  

City Chic Collective Ltd (ASX: CCX)

City Chic is an ASX share that sells plus-size clothing, footwear and accessories to plus-size women.

Whilst the company does have a sizeable bricks and mortar store network, there's a lot more to it than that.

It's now represented by a number of different brands – City Chic, Avenue, Evans, CCX, Hips & Curves and Fox & Royal. It also has websites operating in ANZ, the UK and the US, as well as wholesale partnerships in the US, UK and Europe.

City Chic is growing in multiple ways, including through acquisitions to expand its presence. It can acquire other retailers at a low price and turn them into online-only operators.

The FY21 half-year result had double digit growth, despite all of the COVID-19 effects. HY21 revenue rose 13.5% to $119 million and statutory profit increased 24.8% to $13.1 million.

The company has a number of focuses to grow in the coming months and years.

It's integrating Evans and introducing a wider range of products. It's continuing to execute on its re-engagement strategy of the Avenue customer base. City Chic is going to introduce a conservative product stream to Australia and New Zealand. The ASX share is looking to expand its presence in the UK by leveraging the Evans customer base, introducing marketplace partnerships and expanding the wholesale business. It's looking to enter Europe through marketplace partnerships. City Chic is also looking to change its stores to larger format stores.

At the current City Chic share price, it's valued at 24x FY23's estimated earnings.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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