Carvana Co. CEO Ernie Garcia called it a "landmark" quarter.
It was certainly one that could hush naysayers, at least for now.
The online used-vehicle upstart achieved its first profit — $45 million in net income — as it continued rapid revenue and volume growth.
Carvana executives didn't talk about how sustainable that bottom-line profit would be. But they did credit 2021's second-quarter performance in part to topping $2,000 in gross profit per vehicle retailed for the first time.