Capital One Prime Auto Receivables Trust 2023-2
09/15/2025 | Press release | Distributed by Public on 09/15/2025 10:00
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-2
Statement to Securityholders
Determination Date: September 10, 2025
| Payment Date | 9/15/2025 | ||||
| Collection Period Start | 8/1/2025 | ||||
| Collection Period End | 8/31/2025 | ||||
| Interest Period Start | 8/15/2025 | ||||
| Interest Period End | 9/14/2025 | ||||
| Cut-Off Date Net Pool Balance | $ | 1,228,970,492.55 | |||
| Cut-Off Date Adjusted Pool Balance | $ | 1,128,083,316.56 | |||
I. DEAL SUMMARY
|
Beginning Note Balance |
Principal Payment | Ending Note Balance | Note Factor | Final Scheduled Payment Date | |||||||||||||
| Class A-1 Notes | $ | - | $ | - | $ | - | - | Oct-24 | |||||||||
| Class A-2a Notes | $ | - | $ | - | $ | - | - | Oct-26 | |||||||||
| Class A-2b Notes | $ | - | $ | - | $ | - | - | Oct-26 | |||||||||
| Class A-3 Notes | $ | 366,409,780.36 | $ | 23,114,162.11 | $ | 343,295,618.25 | 0.867434 | Jun-28 | |||||||||
| Class A-4 Notes | $ | 63,220,000.00 | $ | - | $ | 63,220,000.00 | 1.000000 | Nov-28 | |||||||||
| Class B Notes | $ | 11,270,000.00 | $ | - | $ | 11,270,000.00 | 1.000000 | Dec-28 | |||||||||
| Class C Notes | $ | 11,270,000.00 | $ | - | $ | 11,270,000.00 | 1.000000 | Feb-29 | |||||||||
| Class D Notes | $ | 11,270,000.00 | $ | - | $ | 11,270,000.00 | 1.000000 | Dec-29 | |||||||||
| Total Notes | $ | 463,439,780.36 | $ | 23,114,162.11 | $ | 440,325,618.25 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 504,881,452.71 | $ | 479,670,622.94 | 0.390303 | ||||||||||||
| YSOC Amount | $ | 38,621,464.06 | $ | 36,524,796.40 | |||||||||||||
| Adjusted Pool Balance | $ | 466,259,988.65 | $ | 443,145,826.54 | |||||||||||||
| Overcollateralization Amount (Adjusted Pool Balance - Note Balance) | $ | 2,820,208.29 | $ | 2,820,208.29 | |||||||||||||
| Reserve Account Balance | $ | 2,820,208.29 | $ | 2,820,208.29 | |||||||||||||
|
Beginning Note Balance |
Interest Rate | Accrual Methodology | Interest Payment | ||||||||||||||
| Class A-1 Notes | $ | - | 5.66300% | ACT/360 | $ | - | |||||||||||
| Class A-2a Notes | $ | - | 5.91000% | 30/360 | $ | - | |||||||||||
| Class A-2b Notes | $ | - | 4.93270% | ACT/360 | $ | - | |||||||||||
| Class A-3 Notes | $ | 366,409,780.36 | 5.82000% | 30/360 | $ | 1,777,087.43 | |||||||||||
| Class A-4 Notes | $ | 63,220,000.00 | 5.74000% | 30/360 | $ | 302,402.33 | |||||||||||
| Class B Notes | $ | 11,270,000.00 | 4.78000% | 30/360 | $ | 44,892.17 | |||||||||||
| Class C Notes | $ | 11,270,000.00 | 4.78000% | 30/360 | $ | 44,892.17 | |||||||||||
| Class D Notes | $ | 11,270,000.00 | 4.78000% | 30/360 | $ | 44,892.17 | |||||||||||
| Total Notes | $ | 463,439,780.36 | $ | 2,214,166.27 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 504,881,452.71 | $ | 479,670,622.94 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 466,259,988.65 | $ | 443,145,826.54 | ||||
| Number of Receivables Outstanding | 34,163 | 33,364 | ||||||
| Weighted Average Contract Rate | 5.18 | % | 5.18 | % | ||||
| Weighted Average Remaining Term (months) | 35.1 | 34.2 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 2,192,403.33 | |||
| Principal Collections | $ | 24,832,489.03 | |||
| Liquidation Proceeds | $ | 158,134.41 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 27,183,026.77 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 27,183,026.77 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 420,734.54 | $ | 420,734.54 | $ | - | $ | - | $ | 26,762,292.23 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 26,762,292.23 | |||||||
| Interest - Class A-2a Notes | $ | - | $ | - | $ | - | $ | - | $ | 26,762,292.23 | |||||||
| Interest - Class A-2b Notes | $ | - | $ | - | $ | - | $ | - | $ | 26,762,292.23 | |||||||
| Interest - Class A-3 Notes | $ | 1,777,087.43 | $ | 1,777,087.43 | $ | - | $ | - | $ | 24,985,204.80 | |||||||
| Interest - Class A-4 Notes | $ | 302,402.33 | $ | 302,402.33 | $ | - | $ | - | $ | 24,682,802.47 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 24,682,802.47 | |||||||
| Interest - Class B Notes | $ | 44,892.17 | $ | 44,892.17 | $ | - | $ | - | $ | 24,637,910.30 | |||||||
| Second Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 24,637,910.30 | |||||||
| Interest - Class C Notes | $ | 44,892.17 | $ | 44,892.17 | $ | - | $ | - | $ | 24,593,018.13 | |||||||
| Third Allocation of Principal | $ | 9,023,953.82 | $ | 9,023,953.82 | $ | - | $ | - | $ | 15,569,064.31 | |||||||
| Interest - Class D Notes | $ | 44,892.17 | $ | 44,892.17 | $ | - | $ | - | $ | 15,524,172.14 | |||||||
| Fourth Allocation of Principal | $ | 11,270,000.00 | $ | 11,270,000.00 | $ | - | $ | - | $ | 4,254,172.14 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 4,254,172.14 | |||||||
| Regular Principal Distribution Amount | $ | 2,820,208.29 | $ | 2,820,208.29 | $ | - | $ | - | $ | 1,433,963.85 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 1,433,963.85 | |||||||
| Remaining Funds to Certificates | $ | 1,433,963.85 | $ | 1,433,963.85 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 27,183,026.77 | $ | 27,183,026.77 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 38,621,464.06 | |||
| Increase/(Decrease) | $ | (2,096,667.66) | |||
| Ending YSOC Amount | $ | 36,524,796.40 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 466,259,988.65 | $ | 443,145,826.54 | ||||
| Note Balance | $ | 463,439,780.36 | $ | 440,325,618.25 | ||||
| Overcollateralization (Adjusted Pool Balance - Note Balance) | $ | 2,820,208.29 | $ | 2,820,208.29 | ||||
| Target Overcollateralization Amount | $ | 2,820,208.29 | $ | 2,820,208.29 | ||||
| Overcollateralization Shortfall | $ | - | $ | - | ||||
VI. RESERVE ACCOUNT
| Specified Reserve Account Balance | $ | 2,820,208.29 | |||
| Beginning Reserve Account Balance | $ | 2,820,208.29 | |||
| Reserve Account Deposit Amount | $ | - | |||
| Reserve Account Draw Amount | $ | - | |||
| Reserve Account Excess Amount | $ | - | |||
| Ending Reserve Account Balance | $ | 2,820,208.29 | |||
VII. NET LOSS AND DELINQUENT RECEIVABLES
| Net Loss: | % of EOP Net Pool Balance | # of Receivables | Amount | ||||||||
|
Defaulted Receivables during Collection Period (Principal Balance)1
|
0.08% | 30 | $ | 378,340.74 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.03% | 111 | $ | 158,134.41 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | 220,206.33 | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | 0.37 | % | |||||||||
| Second Preceding Collection Period | 0.26 | % | |||||||||
| Preceding Collection Period | 0.06 | % | |||||||||
| Current Collection Period | 0.54 | % | |||||||||
| Four-Month Average Net Loss Ratio | 0.31 | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 2,792,379.49 | |||||||||
| Cumulative Net Loss Ratio | 0.23 | % | |||||||||
|
1 The # of Receivables reported as Defaulted does not include any Receivables that have been paid off or have matured and were either paid in full or had a remaining balance of $10.00 or less following the final payment.
|
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|
2 Liquidation Proceeds include all proceeds on a receivable after it has been charged-off.
|
|||||||||||
| Delinquent Receivables: | % of EOP Net Pool Balance | # of Receivables | Principal Balance | ||||||||
| 30-59 Days Delinquent | 0.30% | 73 | $ | 1,443,503.42 | |||||||
| 60-89 Days Delinquent | 0.10% | 25 | $ | 475,682.58 | |||||||
| 90-119 Days Delinquent | 0.03% | 11 | $ | 151,624.38 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.43% | 109 | $ | 2,070,810.38 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 8 | $ | 134,444.17 | ||||||||
| Total Repossessed Inventory | 12 | $ | 227,013.96 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 36 | $ | 627,306.96 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.12 | % | |||||||||
| Second Preceding Collection Period | 0.13 | % | |||||||||
| Preceding Collection Period | 0.16 | % | |||||||||
| Current Collection Period | 0.13 | % | |||||||||
| Delinquency Trigger | 4.50 | % | |||||||||
| Current Delinquency Percentage Exceeds Delinquency Trigger? (Yes/No) | No | ||||||||||
VIII. TEMPORARY FORBEARANCE
The table below presents accounts which received a short-term payment extension in the month of August 2025.
| Month-End Balance | # of Receivables | |||||||||||||
| ($MM) | (%) | (#) | (%) | |||||||||||
| Total Extensions | 0.40 | 0.08% | 24 | 0.07% | ||||||||||
Capital One Prime Auto Receivables Trust 2023-2 published this content on September 15, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 15, 2025 at 16:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]