We're back to help you identify promising growth stocks that may be worthy of your investment dollars. To review, we do this because:

1. Businesses that make investors billions always begin as fast growers.

2. The best of them feature massive and identifiable competitive advantages.

3. Growth as a strategy has the capacity to deliver 20% or greater annual returns for decades at a time.

How we do it
Obviously, it's that last point that's most important. We're searching for the next great multibagger. Think of Hansen Natural (NASDAQ:HANS) or American Eagle Outfitters (NASDAQ:AEOS). But unlike David Gardner and his team at Motley Fool Rule Breakers, who scour everything from financial statements to trade magazines to clinical reports in their research, we're going to rely on the Motley Fool CAPS community-intelligence database.

Specifically, we're looking for stocks that are expected to grow earnings by an average of at least 20% annually over the next five years and that have earned a five-star rating in CAPS. Five-star stocks are those that the community, on the whole, believes will outperform the S&P 500.

Let's have the list
Now, with that preamble behind us, here are five more top growth stocks.

Company

No. of CAPS Ratings

Bullish CAPS Ratings

5-Year Growth Est.

AudioCodes (NASDAQ:AUDC)

24

23

30.0%

Amerigon (NASDAQ:ARGN)

27

26

30.0%

National Oilwell Varco (NYSE:NOV)

53

51

26.5%

ChipMOS Tech. (NASDAQ:IMOS)

40

39

25.0%

UTI Worldwide (NASDAQ:UTIW)

21

21

22.0%

Sources: Motley Fool CAPS, Yahoo! Finance

Bear in mind that this isn't a list of recommendations. Instead, I offer these stocks as candidates for further research. Among the list, I'm most intrigued by Amerigon, though not as a result of its fundamentals. You see, Amerigon makes thermoelectric devices that heat car seats. We have this feature in our minivan, and it's a lifesaver during the dark days of winter.

Could that really be enough to fuel 30% growth over the next five years? The Street seems to think so. Don't take their word for it. Due your own due diligence and then check in with thousands of other investors at CAPS. And, if you'd like, add your own commentary. You'll be helping your fellow Fools and testing your ideas at the same time. Click here to get started now; the service is 100% free.

See you back here next week for five more top growth stocks.

How great is growth? Three of the dozens of stocks in the market-beating Motley Fool Rule Breakers portfolio have quadrupled in two years. Care to find out what they are? Click hereto get 30 days of free access to the service.

Fool contributor Tim Beyers, ranked 1,677 out of 14,235 in Motley Fool CAPS, is a sucker for growth stocks and a regular contributor to David's Motley Fool Rule Breakers service. Tim didn't own shares in any of the companies mentioned in this story at the time of publication. Get the skinny on all of the stocks in Tim's portfolio by checking his Fool profile. The Motley Fool's disclosure policy is your portfolio's competitive advantage.