There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Royston Wild | Thursday, 10th June, 2021 | More on: AUTO Auto Trader’s share price soars to record highs after FY results Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Risk appetite on UK share markets remains quite subdued as we approach end-of-week trading. But not all British stocks are struggling for grip today. The Auto Trader Group (LSE: AUTO) share price, for instance, is soaring following the release of latest financials.Prices of the online car sales platform were recently up 7% on the day at 619p. This makes it the best-performing stock on the FTSE 100 today. Auto Trader had struck record highs of 624p earlier in the session before settling lower again.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Sales slump at Auto TraderAuto Trader’s surged following the release of full-year financials. Revenues at the e-commerce firm dropped 29% in the 12 months to March, to £262.8m. This reflected the firm’s decision to run free advertising for its retailer customers in April, May and December during the height of coronavirus lockdowns, and to offer discounted rates in June.As a consequence, pre-tax profits at the firm plunged 37% year-on-year to £157.4m.But the FTSE 100 firm is hopeful that its troubles are in the rear-view mirror. And so it’s decided to reinstate dividends and to pay a 5p per share reward for last year.“There has been a dramatic shift towards buying online which means we now have more buyers than ever turning to Auto Trader to help with their next car purchase, making us even more relevant to retailers and manufacturers,” chief executive Nathan Coe said. Cross platform visits rose 15% from financial 2020 to 58.3m per month.Coe added that Covid-19 is having“little” on trading in the current year to date. Though he cautioned that the pandemic could re-emerge as a “significant negative factor” later on.Potholes on the horizon?Commenting on last year’s performance Neil Shah, director of research at Edison Group, says Auto Trader’s decision to reduce, or cancel altogether, advertising costs to support the motor industry could bode well going ahead. He said that “the rise in online sales and the more positive outlook for automotive retail sales more generally” means the Footsie firm could be on course “for a much better set of results” in this financial year.That said, the road ahead for Auto Trader isn’t completely without obstacles. Shah added that “while we’re seeing a strong used car market with higher residual values being reported by automotive dealers, it remains to be seen as to whether there will be further impacts on the business from Covid-19.”Researchers at Hargreaves Lansdown have also struck an upbeat tone looking ahead. They say that Auto Trader’s dominant market position, “comfortable liquidity position and very flexible cost base means it has the tools to ride out the (hopefully) last few miles of the crisis.”But analysts there also warned that “we can’t rule out ups and downs though [as] we don’t know the full extent of medium-term forecourt closures yet.” See all posts by Royston Wild Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Image: Auto Trader Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Auto Trader and Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. 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