Capital One Prime Auto Receivables Trust 2024-1
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 2024-1
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 | $ | 1,116,124,822.45 | |||
| Cut-Off Date Adjusted Pool Balance | $ | 1,085,195,990.01 | |||
I. DEAL SUMMARY
|
Beginning Note Balance |
Principal Payment | Ending Note Balance | Note Factor | Final Scheduled Payment Date | |||||||||||||
| Class A-1 Notes | $ | - | $ | - | $ | - | - | Dec-25 | |||||||||
| Class A-2a Notes | $ | 197,937,654.73 | $ | 24,835,205.28 | $ | 173,102,449.45 | 0.549881 | Oct-27 | |||||||||
| Class A-2b Notes | $ | 49,547,290.94 | $ | 6,216,690.53 | $ | 43,330,600.41 | 0.549881 | Oct-27 | |||||||||
| Class A-3 Notes | $ | 393,600,000.00 | $ | - | $ | 393,600,000.00 | 1.000000 | Jul-29 | |||||||||
| Class A-4 Notes | $ | 65,440,000.00 | $ | - | $ | 65,440,000.00 | 1.000000 | Jan-30 | |||||||||
| Class B Notes | $ | 10,850,000.00 | $ | - | $ | 10,850,000.00 | 1.000000 | Feb-30 | |||||||||
| Class C Notes | $ | 10,850,000.00 | $ | - | $ | 10,850,000.00 | 1.000000 | Apr-30 | |||||||||
| Class D Notes | $ | 10,850,000.00 | $ | - | $ | 10,850,000.00 | 1.000000 | Jan-31 | |||||||||
| Total Notes | $ | 739,074,945.67 | $ | 31,051,895.81 | $ | 708,023,049.86 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 763,379,505.24 | $ | 731,471,736.31 | 0.655367 | ||||||||||||
| YSOC Amount | $ | 21,591,569.59 | $ | 20,735,696.47 | |||||||||||||
| Adjusted Pool Balance | $ | 741,787,935.65 | $ | 710,736,039.84 | |||||||||||||
| Overcollateralization Amount (Adjusted Pool Balance - Note Balance) | $ | 2,712,989.98 | $ | 2,712,989.98 | |||||||||||||
| Reserve Account Balance | $ | 2,712,989.98 | $ | 2,712,989.98 | |||||||||||||
|
Beginning Note Balance |
Interest Rate | Accrual Methodology | Interest Payment | ||||||||||||||
| Class A-1 Notes | $ | - | 4.62200% | ACT/360 | $ | - | |||||||||||
| Class A-2a Notes | $ | 197,937,654.73 | 4.61000% | 30/360 | $ | 760,410.49 | |||||||||||
| Class A-2b Notes | $ | 49,547,290.94 | 4.66270% | ACT/360 | $ | 198,937.47 | |||||||||||
| Class A-3 Notes | $ | 393,600,000.00 | 4.62000% | 30/360 | $ | 1,515,360.00 | |||||||||||
| Class A-4 Notes | $ | 65,440,000.00 | 4.66000% | 30/360 | $ | 254,125.33 | |||||||||||
| Class B Notes | $ | 10,850,000.00 | 4.89000% | 30/360 | $ | 44,213.75 | |||||||||||
| Class C Notes | $ | 10,850,000.00 | 5.09000% | 30/360 | $ | 46,022.08 | |||||||||||
| Class D Notes | $ | 10,850,000.00 | 5.43000% | 30/360 | $ | 49,096.25 | |||||||||||
| Total Notes | $ | 739,074,945.67 | $ | 2,868,165.37 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 763,379,505.24 | $ | 731,471,736.31 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 741,787,935.65 | $ | 710,736,039.84 | ||||
| Number of Receivables Outstanding | 40,727 | 39,859 | ||||||
| Weighted Average Contract Rate | 7.57 | % | 7.57 | % | ||||
| Weighted Average Remaining Term (months) | 46.9 | 46.0 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 4,877,568.07 | |||
| Principal Collections | $ | 31,578,866.56 | |||
| Liquidation Proceeds | $ | 176,238.52 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 36,632,673.15 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 36,632,673.15 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 636,149.59 | $ | 636,149.59 | $ | - | $ | - | $ | 35,996,523.56 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 35,996,523.56 | |||||||
| Interest - Class A-2a Notes | $ | 760,410.49 | $ | 760,410.49 | $ | - | $ | - | $ | 35,236,113.07 | |||||||
| Interest - Class A-2b Notes | $ | 198,937.47 | $ | 198,937.47 | $ | - | $ | - | $ | 35,037,175.60 | |||||||
| Interest - Class A-3 Notes | $ | 1,515,360.00 | $ | 1,515,360.00 | $ | - | $ | - | $ | 33,521,815.60 | |||||||
| Interest - Class A-4 Notes | $ | 254,125.33 | $ | 254,125.33 | $ | - | $ | - | $ | 33,267,690.27 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 33,267,690.27 | |||||||
| Interest - Class B Notes | $ | 44,213.75 | $ | 44,213.75 | $ | - | $ | - | $ | 33,223,476.52 | |||||||
| Second Allocation of Principal | $ | 6,638,905.83 | $ | 6,638,905.83 | $ | - | $ | - | $ | 26,584,570.69 | |||||||
| Interest - Class C Notes | $ | 46,022.08 | $ | 46,022.08 | $ | - | $ | - | $ | 26,538,548.61 | |||||||
| Third Allocation of Principal | $ | 10,850,000.00 | $ | 10,850,000.00 | $ | - | $ | - | $ | 15,688,548.61 | |||||||
| Interest - Class D Notes | $ | 49,096.25 | $ | 49,096.25 | $ | - | $ | - | $ | 15,639,452.36 | |||||||
| Fourth Allocation of Principal | $ | 10,850,000.00 | $ | 10,850,000.00 | $ | - | $ | - | $ | 4,789,452.36 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 4,789,452.36 | |||||||
| Regular Principal Distribution Amount | $ | 2,712,989.98 | $ | 2,712,989.98 | $ | - | $ | - | $ | 2,076,462.38 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 2,076,462.38 | |||||||
| Remaining Funds to Certificates | $ | 2,076,462.38 | $ | 2,076,462.38 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 36,632,673.15 | $ | 36,632,673.15 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 21,591,569.59 | |||
| Increase/(Decrease) | $ | (855,873.12) | |||
| Ending YSOC Amount | $ | 20,735,696.47 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 741,787,935.65 | $ | 710,736,039.84 | ||||
| Note Balance | $ | 739,074,945.67 | $ | 708,023,049.86 | ||||
| Overcollateralization (Adjusted Pool Balance - Note Balance) | $ | 2,712,989.98 | $ | 2,712,989.98 | ||||
| Target Overcollateralization Amount | $ | 2,712,989.98 | $ | 2,712,989.98 | ||||
| Overcollateralization Shortfall | $ | - | $ | - | ||||
VI. RESERVE ACCOUNT
| Specified Reserve Account Balance | $ | 2,712,989.98 | |||
| Beginning Reserve Account Balance | $ | 2,712,989.98 | |||
| Reserve Account Deposit Amount | $ | - | |||
| Reserve Account Draw Amount | $ | - | |||
| Reserve Account Excess Amount | $ | - | |||
| Ending Reserve Account Balance | $ | 2,712,989.98 | |||
VII. NET LOSS AND DELINQUENT RECEIVABLES
| Net Loss: | % of EOP Net Pool Balance | # of Receivables | Amount | ||||||||
|
Defaulted Receivables during Collection Period (Principal Balance)1
|
0.04% | 28 | $ | 328,902.37 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.02% | 83 | $ | 176,238.52 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | 152,663.85 | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | 0.04 | % | |||||||||
| Second Preceding Collection Period | 0.11 | % | |||||||||
| Preceding Collection Period | 0.46 | % | |||||||||
| Current Collection Period | 0.25 | % | |||||||||
| Four-Month Average Net Loss Ratio | 0.21 | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 1,452,812.55 | |||||||||
| Cumulative Net Loss Ratio | 0.13 | % | |||||||||
|
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 | 0.15% | 47 | $ | 1,091,585.60 | |||||||
| 60-89 Days Delinquent | 0.01% | 6 | $ | 102,192.09 | |||||||
| 90-119 Days Delinquent | 0.02% | 7 | $ | 155,945.03 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.18% | 60 | $ | 1,349,722.72 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 5 | $ | 133,829.16 | ||||||||
| Total Repossessed Inventory | 8 | $ | 226,208.34 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 13 | $ | 258,137.12 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.03 | % | |||||||||
| Second Preceding Collection Period | 0.03 | % | |||||||||
| Preceding Collection Period | 0.04 | % | |||||||||
| Current Collection Period | 0.04 | % | |||||||||
| 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 | 0.06% | 20 | 0.05% | ||||||||||
Capital One Prime Auto Receivables Trust 2024-1 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]