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In this article I detail five smaller, lesser known stocks that appear in the top scale of the IBD 50 List, which is a selected screen of the best growth stocks that Investor´s Business Daily currently finds. According to IBD, its IBD 50 is a proprietary list of the 50 top-ranked companies published every Monday in Investor's Business Daily. Companies are ranked based on superior earnings, strong price performance, and leadership within their respective industries. Let´s review some interesting picks from IBD:

Want growth ? look at FleetCor Technologies

FleetCor Technologies, Inc. (NYSE:FLT) is a niche provider of payment processing technology and private label fuel credit cards to owners of vehicle fleets and to gas station operators. FleetCor´s organic revenue growth rate continued to improve and the company also demonstrated ongoing success in growing the profitability of its recent acquisitions in several fast-growing emerging markets, including Russia and Brazil.

FLT is a leading global provider of fuel cards and workforce payment products to businesses. Its products are primarily designed to help businesses to better control employee spending and provide merchants kind of with a loyal customer base.

Approximately 90% of FLT revenue today is generated from the management of various card portfolios and products around the world. The other 10% is generated by other products that include things like a corporate lodging card in the United States, a telematics product based in Europe, and a Mexican food voucher. FleetCor generates consistent and recurring revenue.

FleetCor has outstanding growth rates: 3-year average EPS growth of 33% and sales growth of 23%. In addition, the company has a ROE of 23% and its management owns 35% of outstanding shares, which aligns interests with shareholders.

In the last earnings report, FLT demonstrated that its growth if far from slowing. FleetCor reported Q4 (December) earnings of $0.82 per share, $0.07 better than the Capital IQ Consensus Estimate of $0.75 while revenues rose 47.4% year/year to $185 million vs the $178.93 million consensus. In addition, management gave upside guidance for FY13, projecting EPS of $3.61-3.69 vs. $3.40 Capital IQ Consensus Estimate and FY13 revenues of $790-810 million vs. $776.16 million Capital IQ Consensus Estimate.

A high-growth pick in the Real Estate industry

Lumber Liquidators (NYSE:LL) is a retailer of hard floor coverings and associated accessories in the United States and Canada. The company offers various types of hardwood, vinyl, laminate and engineered flooring as well as accessories such as underlayment, adhesives, tools and other complementary products.

In the last earnings report, LL's Q4 beat demonstrated how the combination of an improving housing backdrop and internal initiatives are translating into robust top and bottom line gains. LL generated 13.2% comparables, which were one of the best metrics in retail. In addition, LL is still increasing market share and reaching more casual customers with its new advertising focus.

I think that Lumber is benefiting from the early innings of an improving housing cycle and still has a significant runway in terms of product sourcing, supply chain improvements, expanding product selection and revamping stores with a new and more productive format.

Lumber Liquidators shows strong growth metrics: last quarter EPS growth of 67% and sales growth of 21%. The company has grown EPS at a CAGR of 14% in the past 3 years and sales at a CAGR of 13%.

A turnaround growth story

Green Mountain Coffee Rosters (NASDAQ:GMCR) just emerged from a five-year hyper-growth phase to a vastly moderated forward growth expectation. GMCR management has restructured assets and lightened expectations. These actions led to a resumption in growth.

Despite the fact that shares went down almost 50% from the record high, growth has not stopped: GMCR has been growing EPS at a CAGR of 86% in the past 3 years while sales have grown at a CAGR of 16%. In other words, both EPS and sales growth rates have not stopped. I think that investors should benefit from a number of recent initiatives, including the introduction of its Keurig Vue Brewer in February 2012 and its March 2012 agreement to manufacture and distribute Starbucks-branded Vue packs for use in Keurig brewers.

In the last earnings report, GMCR reported quarterly EPS growth of 27% (y/y) and sales growth of 16%.

Ocwen´s growth will continue

Ocwen Financial (NYSE:OCN) benefits from the ongoing trend of banks selling off non core servicing assets. I believe this process is still early in its development as most large banks and several regional banks are just beginning to develop strategies to shed non core servicing assets. The main driver of this trend remains powerful.

Basically, banks want to reduce the regulatory burdens and cost associated with servicing highly delinquent portfolios and refocus on their core bank franchise. Highly delinquent loans tend to distract management attention and harm the bank's consumer franchise.

Ocwen´s growth rates are outstanding: 3-year average EPS growth of 27% and sales growth of 37%. In the last quarter, OCN grew quarterly earnings at 488% and sales at 51%. This shows that the business is performing strongly.

OCN generates high cash flow to earnings through a combination of conservative accounting and strong operations. In the recent earnings call, management told investors that the deal pipeline is strong for continued growth.

A top Energy play

Westlake Chemical (NYSE:WLK) sells Ethylene and Vinyls. Demand for these products grow as housing volumes improve. I think that real estate prices will keep recovering, which is positive for companies that sell housing related products or materials.

Westlike's growth has been outstanding: 3-year average EPS growth of 70% and sales growth of 15%. In the last quarterly report, WLK grew quarterly earnings at a whopping 255% compared with the same quarter the year ago.

Source: 5 High-Growth Stocks