Growth at a reasonable price or GARP is an excellent strategy to earn quick profits from investments. The GARP approach helps identify stocks that are priced below the market or any reasonable target determined by fundamental analysis.The strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount. GARP stocks have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and others.Therefore, a portfolio created on the basis of the GARP strategy contains stocks that offer the best value and growth investing. RPM International RPM, W.W. Grainger GWW, Grand Canyon Education LOPE and Texas Roadhouse TXRH are some GARP stocks that hold promise.GARP Metrics — Mix of Growth & Value MetricsThe GARP strategy seeks to offer an ideal investment by utilizing the best features of both value and growth investing. Investors adopting the GARP approach will prefer to buy stocks that are priced below the market or any reasonable target determined by fundamental analysis. The stocks have solid prospects in terms of cash flow, revenues, EPS and others.Growth MetricsA strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. Hence, growth rates between 5% and 20% are considered ideal under the GARP strategy.Another growth metric considered by both growth and GARP investors is return on equity (ROE). GARP investors look for strong and higher ROE than the industry average to identify superior stocks. Moreover, stocks with a positive cash flow find precedence under the GARP plan.Value MetricsGARP investing prioritizes one of the popular value metrics — the price-to-earnings (P/E) ratio. Though the investing style picks stocks with higher P/E ratios than value investors, it avoids companies with extremely high P/E ratios. The price-to-book value (P/B) ratio is also considered.Using the GARP principle, we have run a screen to identify stocks that should offer solid returns in the near term.Screening ParametersAlong with the criteria discussed in the above section, we have considered a Zacks Rank #1 (Strong Buy) or 2 (Buy).Last 5-year EPS & projected 3-5-year EPS growth rates between 5% and 20% (Strong EPS growth history and prospects ensure improving business.)ROE (over the past 12 months) greater than the industry average (Higher ROE compared to the industry average indicates superior stocks.)P/E and P/B ratios less than the M-industry average (P/E and P/B ratios less than that of the industry indicate that the stocks are undervalued.)Here are four stocks that made it through the screen:RPM International manufactures and markets high-performance coatings, sealants and specialty chemicals, primarily for maintenance and improvement applications. RPM currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.RPM has a trailing four-quarter earnings surprise of 7.34%, on average. The Zacks Consensus Estimate for RPM's fiscal 2023 earnings has moved 2.4% north to $4.60 per share over the past 30 days.W.W. Grainger is a broad-line, business-to-business distributor of maintenance, repair and operating products and services, operating primarily in North America, Japan and the U.K. The company currently carries a Zacks Rank #2.W.W. Grainger has a trailing four-quarter earnings surprise of 10.1%, on average. The Zacks Consensus Estimate for W.W. Grainger’s 2022 earnings has moved 4.1% north to $29.31 per share over the past 30 days.Grand Canyon Education is an accredited provider of online post-secondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business and healthcare. The company currently carries a Zacks Rank #2.Grand Canyon Education has a trailing four-quarter earnings surprise of 4.79%, on average. The Zacks Consensus Estimate for LOPE's 2022 earnings has moved 3.9% north to $5.85 per share over the past 30 days.Texas Roadhouse is a full-service, casual dining restaurant chain, which offers an assortment of specially seasoned and aged steaks on the premises and cooked to order over open grills. The company currently carries a Zacks Rank #2.Texas Roadhouse has a trailing four-quarter earnings surprise of 11.24%, on average. The Zacks Consensus Estimate for 2022 earnings has moved 4.6% north to $4.07 per share over the past 30 days.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Texas Roadhouse, Inc. (TXRH): Free Stock Analysis Report W.W. Grainger, Inc. (GWW): Free Stock Analysis Report Grand Canyon Education, Inc. (LOPE): Free Stock Analysis Report RPM International Inc. (RPM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research