In the past year, shares of pet insurer Trupanion (NASDAQ: TRUP) are up 167%, far outpacing the S&P 500's 42.3% gain during the same period. Even after a magnificent run-up, the stock is trading at only 4.6 times forward sales. That's an excellent price for a company increasing its revenue by nearly 40% year over year. 

There is still ample room for Trupanion to fly high. It accounts for less than 1% of the nation's pet insurance market, although that number has been steadily growing. Let's look at what the company has in store for investors

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Source Fool.com