Capital One Prime Auto Receivables Trust 2023-1
04/15/2026 | Press release | Distributed by Public on 04/15/2026 10:49
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-1
Statement to Securityholders
Determination Date: April 10, 2026
| Payment Date | 4/15/2026 | ||||
| Collection Period Start | 3/1/2026 | ||||
| Collection Period End | 3/31/2026 | ||||
| Interest Period Start | 3/16/2026 | ||||
| Interest Period End | 4/14/2026 | ||||
| Cut-Off Date Net Pool Balance | $ | 1,495,738,191.10 | |||
| Cut-Off Date Adjusted Pool Balance | $ | 1,356,480,551.60 | |||
I. DEAL SUMMARY
|
Beginning Note Balance |
Principal Payment | Ending Note Balance | Note Factor | Final Scheduled Payment Date | |||||||||||||
| Class A-1 Notes | $ | - | $ | - | $ | - | - | Mar-24 | |||||||||
| Class A-2 Notes | $ | - | $ | - | $ | - | - | May-26 | |||||||||
| Class A-3 Notes | $ | 130,426,079.10 | $ | 19,583,613.36 | $ | 110,842,465.74 | 0.233353 | Feb-28 | |||||||||
| Class A-4 Notes | $ | 98,700,000.00 | $ | - | $ | 98,700,000.00 | 1.000000 | Aug-28 | |||||||||
| Class B Notes | $ | 13,560,000.00 | $ | - | $ | 13,560,000.00 | 1.000000 | Sep-28 | |||||||||
| Class C Notes | $ | 13,560,000.00 | $ | - | $ | 13,560,000.00 | 1.000000 | Sep-28 | |||||||||
| Class D Notes | $ | 13,560,000.00 | $ | - | $ | 13,560,000.00 | 1.000000 | May-29 | |||||||||
| Total Notes | $ | 269,806,079.10 | $ | 19,583,613.36 | $ | 250,222,465.74 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 295,552,450.47 | $ | 274,214,044.62 | 0.183330 | ||||||||||||
| YSOC Amount | $ | 22,355,169.99 | $ | 20,600,377.50 | |||||||||||||
| Adjusted Pool Balance | $ | 273,197,280.48 | $ | 253,613,667.12 | |||||||||||||
| Overcollateralization Amount (Adjusted Pool Balance - Note Balance) | $ | 3,391,201.38 | $ | 3,391,201.38 | |||||||||||||
| Reserve Account Balance | $ | 3,391,201.38 | $ | 3,391,201.38 | |||||||||||||
|
Beginning Note Balance |
Interest Rate | Accrual Methodology | Interest Payment | ||||||||||||||
| Class A-1 Notes | $ | - | 4.90000% | ACT/360 | $ | - | |||||||||||
| Class A-2 Notes | $ | - | 5.20000% | 30/360 | $ | - | |||||||||||
| Class A-3 Notes | $ | 130,426,079.10 | 4.87000% | 30/360 | $ | 529,312.50 | |||||||||||
| Class A-4 Notes | $ | 98,700,000.00 | 4.76000% | 30/360 | $ | 391,510.00 | |||||||||||
| Class B Notes | $ | 13,560,000.00 | 5.07000% | 30/360 | $ | 57,291.00 | |||||||||||
| Class C Notes | $ | 13,560,000.00 | 5.36000% | 30/360 | $ | 60,568.00 | |||||||||||
| Class D Notes | $ | 13,560,000.00 | 6.34000% | 30/360 | $ | 71,642.00 | |||||||||||
| Total Notes | $ | 269,806,079.10 | $ | 1,110,323.50 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 295,552,450.47 | $ | 274,214,044.62 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 273,197,280.48 | $ | 253,613,667.12 | ||||
| Number of Receivables Outstanding | 29,709 | 28,688 | ||||||
| Weighted Average Contract Rate | 3.98 | % | 3.99 | % | ||||
| Weighted Average Remaining Term (months) | 24.5 | 23.6 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 919,002.71 | |||
| Principal Collections | $ | 21,156,890.34 | |||
| Liquidation Proceeds | $ | 194,357.62 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 22,270,250.67 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 22,270,250.67 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 246,293.71 | $ | 246,293.71 | $ | - | $ | - | $ | 22,023,956.96 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 22,023,956.96 | |||||||
| Interest - Class A-2 Notes | $ | - | $ | - | $ | - | $ | - | $ | 22,023,956.96 | |||||||
| Interest - Class A-3 Notes | $ | 529,312.50 | $ | 529,312.50 | $ | - | $ | - | $ | 21,494,644.46 | |||||||
| Interest - Class A-4 Notes | $ | 391,510.00 | $ | 391,510.00 | $ | - | $ | - | $ | 21,103,134.46 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 21,103,134.46 | |||||||
| Interest - Class B Notes | $ | 57,291.00 | $ | 57,291.00 | $ | - | $ | - | $ | 21,045,843.46 | |||||||
| Second Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 21,045,843.46 | |||||||
| Interest - Class C Notes | $ | 60,568.00 | $ | 60,568.00 | $ | - | $ | - | $ | 20,985,275.46 | |||||||
| Third Allocation of Principal | $ | 2,632,411.98 | $ | 2,632,411.98 | $ | - | $ | - | $ | 18,352,863.48 | |||||||
| Interest - Class D Notes | $ | 71,642.00 | $ | 71,642.00 | $ | - | $ | - | $ | 18,281,221.48 | |||||||
| Fourth Allocation of Principal | $ | 13,560,000.00 | $ | 13,560,000.00 | $ | - | $ | - | $ | 4,721,221.48 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 4,721,221.48 | |||||||
| Regular Principal Distribution Amount | $ | 3,391,201.38 | $ | 3,391,201.38 | $ | - | $ | - | $ | 1,330,020.10 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 1,330,020.10 | |||||||
| Remaining Funds to Certificates | $ | 1,330,020.10 | $ | 1,330,020.10 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 22,270,250.67 | $ | 22,270,250.67 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 22,355,169.99 | |||
| Increase/(Decrease) | $ | (1,754,792.49) | |||
| Ending YSOC Amount | $ | 20,600,377.50 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 273,197,280.48 | $ | 253,613,667.12 | ||||
| Note Balance | $ | 269,806,079.10 | $ | 250,222,465.74 | ||||
| Overcollateralization (Adjusted Pool Balance - Note Balance) | $ | 3,391,201.38 | $ | 3,391,201.38 | ||||
| Target Overcollateralization Amount | $ | 3,391,201.38 | $ | 3,391,201.38 | ||||
| Overcollateralization Shortfall | $ | - | $ | - | ||||
VI. RESERVE ACCOUNT
| Specified Reserve Account Balance | $ | 3,391,201.38 | |||
| Beginning Reserve Account Balance | $ | 3,391,201.38 | |||
| Reserve Account Deposit Amount | $ | - | |||
| Reserve Account Draw Amount | $ | - | |||
| Reserve Account Excess Amount | $ | - | |||
| Ending Reserve Account Balance | $ | 3,391,201.38 | |||
VII. NET LOSS AND DELINQUENT RECEIVABLES
| Net Loss: | % of EOP Net Pool Balance | # of Receivables | Amount | ||||||||
|
Defaulted Receivables during Collection Period (Principal Balance)1
|
0.06% | 15 | $ | 176,040.51 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.07% | 182 | $ | 194,357.62 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | (18,317.11) | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | (0.23) | % | |||||||||
| Second Preceding Collection Period | 0.14 | % | |||||||||
| Preceding Collection Period | (0.08) | % | |||||||||
| Current Collection Period | (0.08) | % | |||||||||
| Four-Month Average Net Loss Ratio | (0.06) | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 4,619,916.01 | |||||||||
| Cumulative Net Loss Ratio | 0.31 | % | |||||||||
|
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 | 0.46% | 94 | $ | 1,253,152.94 | |||||||
| 60-89 Days Delinquent | 0.20% | 34 | $ | 555,899.63 | |||||||
| 90-119 Days Delinquent | 0.04% | 9 | $ | 119,364.12 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.70% | 137 | $ | 1,928,416.69 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 9 | $ | 138,741.33 | ||||||||
| Total Repossessed Inventory | 15 | $ | 232,366.70 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 43 | $ | 675,263.75 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.31 | % | |||||||||
| Second Preceding Collection Period | 0.31 | % | |||||||||
| Preceding Collection Period | 0.20 | % | |||||||||
| Current Collection Period | 0.25 | % | |||||||||
| 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 March 2026.
| Month-End Balance | # of Receivables | |||||||||||||
| ($MM) | (%) | (#) | (%) | |||||||||||
| Total Extensions | 0.48 | 0.17% | 37 | 0.13% | ||||||||||
Capital One Prime Auto Receivables Trust 2023-1 published this content on April 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 15, 2026 at 16:49 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]