The company sets up “car vending machines” in key cities, and offers buyers a still-novel way to shop from home for a used car, without haggling, and have it delivered to them. Other tools on the platform include price comparisons and trade-in calculators. The company also offers financing.

The company reported second-quarter GAAP earnings per share of $1.28 on revenue that soared 42% to a quarterly record of $4.84 billion. Analysts surveyed by Visible Alpha had expected $0.97 and $4.58 billion, respectively.

Growth rates often normalise as companies mature, reflecting the challenges of sustaining outsized gains at scale, but Tempe-headquartered Carvana (NYSE: CVNA) continues to defy that historical wisdom.