Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, January 23:

Arcos Dorados Holdings Inc. (ARCO Quick QuoteARCO - Free Report) : This McDonald's franchisee company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.

Arcos Dorados Holdings Inc. Price and Consensus

Arcos Dorados Holdings Inc. price-consensus-chart | Arcos Dorados Holdings Inc. Quote

Arcos Dorados Holdings has a PEG ratio of 1.02 compared with 2.68 for the industry. The company possesses a Growth Score of A.

Arcos Dorados Holdings Inc. PEG Ratio (TTM)

Arcos Dorados Holdings Inc. peg-ratio-ttm | Arcos Dorados Holdings Inc. Quote

EnerSys (ENS Quick QuoteENS - Free Report) : This energy storage company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.

Enersys Price and Consensus

Enersys price-consensus-chart | Enersys Quote

EnerSys has a PEG ratio of 0.81 compared with 1.59 for the industry. The company possesses a Growth Score of B.

Enersys PEG Ratio (TTM)

Enersys peg-ratio-ttm | Enersys Quote

Kodiak Gas Services, Inc. (KGS Quick QuoteKGS - Free Report) : This compression services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.1% over the last 60 days.

Kodiak Gas Services, Inc. Price and Consensus

Kodiak Gas Services, Inc. price-consensus-chart | Kodiak Gas Services, Inc. Quote

Kodiak Gas Services has a PEG ratio of 0.85 comparedwith 1.08 for the industry. The company possesses a Growth Score of B.

Kodiak Gas Services, Inc. PEG Ratio (TTM)

Kodiak Gas Services, Inc. peg-ratio-ttm | Kodiak Gas Services, Inc. Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.