There are some ASX shares that have more than doubled over the last 12 months. It has been a crazy year.
Most businesses have recovered from the COVID-19 crash, but there are a handful that have delivered huge returns. Like these three ASX shares:
Adairs Ltd (ASX: ADH)
The homewares business has been a strong beneficiary of the retail spending of Aussies from the COVID-19 effects. Government stimulus, higher household savings and redirected spending.
Adairs is still seeing a lot of growth which is why the Adairs share price has stayed elevated. HY21 group sales rose 34.8%, underlying EBIT (EBIT explained) grew 166% and statutory net profit surged 233.4%.
The rest of HY21 could include a lot of growth for the ASX share, in the first seven weeks total sales were up 25% and online sales went up 65.9%.
The Adairs share price has gone up 328% over the last year.
Nick Scali Limited (ASX: NCK)
Nick Scali, the furniture business, has been another big beneficiary of those strong retail trends.
People have been spending on their household whilst they have been stuck at home. Instead of an international holiday, they’ve spent on furniture.
Management said that the ASX share had seen an exceptional six months of trading at December 2020 where it managed to double its underlying profit.
Nick Scali said that sales order growth for the group in January 2021 was up 47% compared to the same period last year, representing the largest month of written sales orders in the company’s history.
The Nick Scali share price has gone up around 200% over the last year.
Eagers Automotive Ltd (ASX: APE)
Eagers is the biggest car dealership business with sales turnover of around $9 billion. It’s one of the oldest businesses on the ASX, over 100 years old.
In a recent trading update, Eagers said that it’s experiencing unusually strong market dynamics, with demand outstripping supply, combined with the ongoing cost-cutting strategy.
In the three months ended 31 March 2021, the ASX share announced an underlying operating profit before tax from continuing operations for $98 million. On a statutory net profit before tax from continuing operations basis, it’s expected to be $105 million.
Over the last year the Eagers Automotive share price has risen 369%.
