Capital One Prime Auto Receivables Trust 2023-2
12/15/2025 | Press release | Distributed by Public on 12/15/2025 13:38
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-2
Statement to Securityholders
Determination Date: December 10, 2025
| Payment Date | 12/15/2025 | ||||
| Collection Period Start | 11/1/2025 | ||||
| Collection Period End | 11/30/2025 | ||||
| Interest Period Start | 11/17/2025 | ||||
| Interest Period End | 12/14/2025 | ||||
| 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 | $ | 297,313,700.57 | $ | 19,365,753.87 | $ | 277,947,946.70 | 0.702314 | 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 | $ | 394,343,700.57 | $ | 19,365,753.87 | $ | 374,977,946.70 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 429,662,826.16 | $ | 408,368,985.12 | 0.332285 | ||||||||||||
| YSOC Amount | $ | 32,498,917.30 | $ | 30,570,830.13 | |||||||||||||
| Adjusted Pool Balance | $ | 397,163,908.86 | $ | 377,798,154.99 | |||||||||||||
| 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 | $ | - | 4.73202% | ACT/360 | $ | - | |||||||||||
| Class A-3 Notes | $ | 297,313,700.57 | 5.82000% | 30/360 | $ | 1,441,971.45 | |||||||||||
| 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 | $ | 394,343,700.57 | $ | 1,879,050.29 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 429,662,826.16 | $ | 408,368,985.12 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 397,163,908.86 | $ | 377,798,154.99 | ||||
| Number of Receivables Outstanding | 31,728 | 31,059 | ||||||
| Weighted Average Contract Rate | 5.20 | % | 5.20 | % | ||||
| Weighted Average Remaining Term (months) | 32.3 | 31.4 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 1,805,551.40 | |||
| Principal Collections | $ | 20,965,146.54 | |||
| Liquidation Proceeds | $ | 122,799.61 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 22,893,497.55 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 22,893,497.55 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 358,052.36 | $ | 358,052.36 | $ | - | $ | - | $ | 22,535,445.19 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 22,535,445.19 | |||||||
| Interest - Class A-2a Notes | $ | - | $ | - | $ | - | $ | - | $ | 22,535,445.19 | |||||||
| Interest - Class A-2b Notes | $ | - | $ | - | $ | - | $ | - | $ | 22,535,445.19 | |||||||
| Interest - Class A-3 Notes | $ | 1,441,971.45 | $ | 1,441,971.45 | $ | - | $ | - | $ | 21,093,473.74 | |||||||
| Interest - Class A-4 Notes | $ | 302,402.33 | $ | 302,402.33 | $ | - | $ | - | $ | 20,791,071.41 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 20,791,071.41 | |||||||
| Interest - Class B Notes | $ | 44,892.17 | $ | 44,892.17 | $ | - | $ | - | $ | 20,746,179.24 | |||||||
| Second Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 20,746,179.24 | |||||||
| Interest - Class C Notes | $ | 44,892.17 | $ | 44,892.17 | $ | - | $ | - | $ | 20,701,287.07 | |||||||
| Third Allocation of Principal | $ | 5,275,545.58 | $ | 5,275,545.58 | $ | - | $ | - | $ | 15,425,741.49 | |||||||
| Interest - Class D Notes | $ | 44,892.17 | $ | 44,892.17 | $ | - | $ | - | $ | 15,380,849.32 | |||||||
| Fourth Allocation of Principal | $ | 11,270,000.00 | $ | 11,270,000.00 | $ | - | $ | - | $ | 4,110,849.32 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 4,110,849.32 | |||||||
| Regular Principal Distribution Amount | $ | 2,820,208.29 | $ | 2,820,208.29 | $ | - | $ | - | $ | 1,290,641.03 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 1,290,641.03 | |||||||
| Remaining Funds to Certificates | $ | 1,290,641.03 | $ | 1,290,641.03 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 22,893,497.55 | $ | 22,893,497.55 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 32,498,917.30 | |||
| Increase/(Decrease) | $ | (1,928,087.17) | |||
| Ending YSOC Amount | $ | 30,570,830.13 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 397,163,908.86 | $ | 377,798,154.99 | ||||
| Note Balance | $ | 394,343,700.57 | $ | 374,977,946.70 | ||||
| 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% | 24 | $ | 328,694.50 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.03% | 118 | $ | 122,799.61 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | 205,894.89 | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | 0.54 | % | |||||||||
| Second Preceding Collection Period | 0.31 | % | |||||||||
| Preceding Collection Period | 0.01 | % | |||||||||
| Current Collection Period | 0.59 | % | |||||||||
| Four-Month Average Net Loss Ratio | 0.36 | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 3,123,870.29 | |||||||||
| Cumulative Net Loss Ratio | 0.25 | % | |||||||||
|
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 | 0.28% | 67 | $ | 1,158,359.17 | |||||||
| 60-89 Days Delinquent | 0.11% | 27 | $ | 461,413.38 | |||||||
| 90-119 Days Delinquent | 0.03% | 7 | $ | 118,686.58 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.43% | 101 | $ | 1,738,459.13 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 4 | $ | 53,917.75 | ||||||||
| Total Repossessed Inventory | 10 | $ | 181,783.70 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 34 | $ | 580,099.96 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.13 | % | |||||||||
| Second Preceding Collection Period | 0.14 | % | |||||||||
| Preceding Collection Period | 0.10 | % | |||||||||
| Current Collection Period | 0.14 | % | |||||||||
| 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 November 2025.
| Month-End Balance | # of Receivables | |||||||||||||
| ($MM) | (%) | (#) | (%) | |||||||||||
| Total Extensions | 0.50 | 0.12% | 31 | 0.10% | ||||||||||
Capital One Prime Auto Receivables Trust 2023-2 published this content on December 15, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 15, 2025 at 19:38 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]