For fixed $k$, in "The Diameter of Random Regular Graphs", Bollobas and de la Vega proved that w.h.p. the diameter of the random $k$-regular graph is $\sim \log_{k-1}n$ (in fact, they show a much sharper concentration than this). Furthermore, one can also show that w.h.p. the distance between any two specific vertices in a $k-$regular graph chosen uniformly at random is also $\sim \log_{k-1}n$.
By and large, when one runs a breadth-first search in this model, each new level is roughly $k-1$ times the previous, and the vast majority of the vertices are reached in the last few steps.
I imagine if $k$ is allowed to vary with $n$ and not be too large, you would find similar behavior; however, I don't know where the threshold for too large would be.