Capital One Prime Auto Receivables Trust 2024-1
12/15/2025 | Press release | Distributed by Public on 12/15/2025 13:47
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2024-1
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 | $ | 1,116,124,822.45 | |||
| 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 | $ | 125,433,243.70 | $ | 20,334,893.04 | $ | 105,098,350.66 | 0.333858 | Oct-27 | |||||||||
| Class A-2b Notes | $ | 31,398,156.28 | $ | 5,090,182.88 | $ | 26,307,973.40 | 0.333858 | 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 | $ | 648,421,399.98 | $ | 25,425,075.92 | $ | 622,996,324.06 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 670,203,587.71 | $ | 643,968,327.30 | 0.576968 | ||||||||||||
| YSOC Amount | $ | 19,069,197.75 | $ | 18,259,013.26 | |||||||||||||
| Adjusted Pool Balance | $ | 651,134,389.96 | $ | 625,709,314.04 | |||||||||||||
| 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 | $ | 125,433,243.70 | 4.61000% | 30/360 | $ | 481,872.71 | |||||||||||
| Class A-2b Notes | $ | 31,398,156.28 | 4.46202% | ACT/360 | $ | 108,966.05 | |||||||||||
| 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 | $ | 648,421,399.98 | $ | 2,499,656.17 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 670,203,587.71 | $ | 643,968,327.30 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 651,134,389.96 | $ | 625,709,314.04 | ||||
| Number of Receivables Outstanding | 38,082 | 37,380 | ||||||
| Weighted Average Contract Rate | 7.57 | % | 7.57 | % | ||||
| Weighted Average Remaining Term (months) | 44.1 | 43.2 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 4,120,276.48 | |||
| Principal Collections | $ | 25,973,666.01 | |||
| Liquidation Proceeds | $ | 136,179.13 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 30,230,121.62 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 30,230,121.62 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 558,502.99 | $ | 558,502.99 | $ | - | $ | - | $ | 29,671,618.63 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 29,671,618.63 | |||||||
| Interest - Class A-2a Notes | $ | 481,872.71 | $ | 481,872.71 | $ | - | $ | - | $ | 29,189,745.92 | |||||||
| Interest - Class A-2b Notes | $ | 108,966.05 | $ | 108,966.05 | $ | - | $ | - | $ | 29,080,779.87 | |||||||
| Interest - Class A-3 Notes | $ | 1,515,360.00 | $ | 1,515,360.00 | $ | - | $ | - | $ | 27,565,419.87 | |||||||
| Interest - Class A-4 Notes | $ | 254,125.33 | $ | 254,125.33 | $ | - | $ | - | $ | 27,311,294.54 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 27,311,294.54 | |||||||
| Interest - Class B Notes | $ | 44,213.75 | $ | 44,213.75 | $ | - | $ | - | $ | 27,267,080.79 | |||||||
| Second Allocation of Principal | $ | 1,012,085.94 | $ | 1,012,085.94 | $ | - | $ | - | $ | 26,254,994.85 | |||||||
| Interest - Class C Notes | $ | 46,022.08 | $ | 46,022.08 | $ | - | $ | - | $ | 26,208,972.77 | |||||||
| Third Allocation of Principal | $ | 10,850,000.00 | $ | 10,850,000.00 | $ | - | $ | - | $ | 15,358,972.77 | |||||||
| Interest - Class D Notes | $ | 49,096.25 | $ | 49,096.25 | $ | - | $ | - | $ | 15,309,876.52 | |||||||
| Fourth Allocation of Principal | $ | 10,850,000.00 | $ | 10,850,000.00 | $ | - | $ | - | $ | 4,459,876.52 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 4,459,876.52 | |||||||
| Regular Principal Distribution Amount | $ | 2,712,989.98 | $ | 2,712,989.98 | $ | - | $ | - | $ | 1,746,886.54 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 1,746,886.54 | |||||||
| Remaining Funds to Certificates | $ | 1,746,886.54 | $ | 1,746,886.54 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 30,230,121.62 | $ | 30,230,121.62 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 19,069,197.75 | |||
| Increase/(Decrease) | $ | (810,184.49) | |||
| Ending YSOC Amount | $ | 18,259,013.26 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 651,134,389.96 | $ | 625,709,314.04 | ||||
| Note Balance | $ | 648,421,399.98 | $ | 622,996,324.06 | ||||
| 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% | 22 | $ | 261,594.40 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.02% | 86 | $ | 136,179.13 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | 125,415.27 | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | 0.25 | % | |||||||||
| Second Preceding Collection Period | 0.02 | % | |||||||||
| Preceding Collection Period | 0.10 | % | |||||||||
| Current Collection Period | 0.23 | % | |||||||||
| Four-Month Average Net Loss Ratio | 0.15 | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 1,643,375.76 | |||||||||
| Cumulative Net Loss Ratio | 0.15 | % | |||||||||
|
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.
|
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| Delinquent Receivables: | % of EOP Net Pool Balance | # of Receivables | Principal Balance | ||||||||
| 30-59 Days Delinquent | 0.15% | 44 | $ | 940,261.07 | |||||||
| 60-89 Days Delinquent | 0.03% | 12 | $ | 221,429.32 | |||||||
| 90-119 Days Delinquent | 0.00% | 2 | $ | 23,546.12 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.18% | 58 | $ | 1,185,236.51 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 3 | $ | 113,603.93 | ||||||||
| Total Repossessed Inventory | 6 | $ | 196,443.13 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 14 | $ | 244,975.44 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.04 | % | |||||||||
| Second Preceding Collection Period | 0.05 | % | |||||||||
| 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 November 2025.
| Month-End Balance | # of Receivables | |||||||||||||
| ($MM) | (%) | (#) | (%) | |||||||||||
| Total Extensions | 0.62 | 0.10% | 28 | 0.07% | ||||||||||
Capital One Prime Auto Receivables Trust 2024-1 published this content on December 15, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 15, 2025 at 19:48 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]