Capital One Prime Auto Receivables Trust 2023-1
09/15/2025 | Press release | Distributed by Public on 09/15/2025 10:01
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-1
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 | $ | 1,495,738,191.10 | |||
| 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 | $ | 276,474,235.94 | $ | 22,211,888.64 | $ | 254,262,347.30 | 0.535289 | 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 | $ | 415,854,235.94 | $ | 22,211,888.64 | $ | 393,642,347.30 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 455,951,502.49 | $ | 431,471,993.55 | 0.288468 | ||||||||||||
| YSOC Amount | $ | 36,706,065.17 | $ | 34,438,444.87 | |||||||||||||
| Adjusted Pool Balance | $ | 419,245,437.32 | $ | 397,033,548.68 | |||||||||||||
| 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 | $ | 276,474,235.94 | 4.87000% | 30/360 | $ | 1,122,024.61 | |||||||||||
| 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 | $ | 415,854,235.94 | $ | 1,703,035.61 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 455,951,502.49 | $ | 431,471,993.55 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 419,245,437.32 | $ | 397,033,548.68 | ||||
| Number of Receivables Outstanding | 35,683 | 34,879 | ||||||
| Weighted Average Contract Rate | 3.95 | % | 3.95 | % | ||||
| Weighted Average Remaining Term (months) | 30.8 | 29.9 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 1,518,390.52 | |||
| Principal Collections | $ | 24,267,757.84 | |||
| Liquidation Proceeds | $ | 174,756.24 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 25,960,904.60 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 25,960,904.60 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 379,959.59 | $ | 379,959.59 | $ | - | $ | - | $ | 25,580,945.01 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 25,580,945.01 | |||||||
| Interest - Class A-2 Notes | $ | - | $ | - | $ | - | $ | - | $ | 25,580,945.01 | |||||||
| Interest - Class A-3 Notes | $ | 1,122,024.61 | $ | 1,122,024.61 | $ | - | $ | - | $ | 24,458,920.40 | |||||||
| Interest - Class A-4 Notes | $ | 391,510.00 | $ | 391,510.00 | $ | - | $ | - | $ | 24,067,410.40 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 24,067,410.40 | |||||||
| Interest - Class B Notes | $ | 57,291.00 | $ | 57,291.00 | $ | - | $ | - | $ | 24,010,119.40 | |||||||
| Second Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 24,010,119.40 | |||||||
| Interest - Class C Notes | $ | 60,568.00 | $ | 60,568.00 | $ | - | $ | - | $ | 23,949,551.40 | |||||||
| Third Allocation of Principal | $ | 5,260,687.26 | $ | 5,260,687.26 | $ | - | $ | - | $ | 18,688,864.14 | |||||||
| Interest - Class D Notes | $ | 71,642.00 | $ | 71,642.00 | $ | - | $ | - | $ | 18,617,222.14 | |||||||
| Fourth Allocation of Principal | $ | 13,560,000.00 | $ | 13,560,000.00 | $ | - | $ | - | $ | 5,057,222.14 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 5,057,222.14 | |||||||
| Regular Principal Distribution Amount | $ | 3,391,201.38 | $ | 3,391,201.38 | $ | - | $ | - | $ | 1,666,020.76 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 1,666,020.76 | |||||||
| Remaining Funds to Certificates | $ | 1,666,020.76 | $ | 1,666,020.76 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 25,960,904.60 | $ | 25,960,904.60 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 36,706,065.17 | |||
| Increase/(Decrease) | $ | (2,267,620.30) | |||
| Ending YSOC Amount | $ | 34,438,444.87 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 419,245,437.32 | $ | 397,033,548.68 | ||||
| Note Balance | $ | 415,854,235.94 | $ | 393,642,347.30 | ||||
| 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
|
0.05% | 17 | $ | 211,751.10 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.04% | 173 | $ | 174,756.24 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | 36,994.86 | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | 0.22 | % | |||||||||
| Second Preceding Collection Period | (0.06) | % | |||||||||
| Preceding Collection Period | 0.05 | % | |||||||||
| Current Collection Period | 0.10 | % | |||||||||
| Four-Month Average Net Loss Ratio | 0.08 | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 4,412,133.52 | |||||||||
| Cumulative Net Loss Ratio | 0.29 | % | |||||||||
|
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 | 0.41% | 102 | $ | 1,756,893.83 | |||||||
| 60-89 Days Delinquent | 0.18% | 39 | $ | 778,582.57 | |||||||
| 90-119 Days Delinquent | 0.08% | 18 | $ | 337,903.56 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.67% | 159 | $ | 2,873,379.96 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 3 | $ | 39,747.61 | ||||||||
| Total Repossessed Inventory | 6 | $ | 95,039.92 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 57 | $ | 1,116,486.13 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.23 | % | |||||||||
| Second Preceding Collection Period | 0.23 | % | |||||||||
| Preceding Collection Period | 0.24 | % | |||||||||
| Current Collection Period | 0.26 | % | |||||||||
| 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 | 0.81 | 0.19% | 50 | 0.14% | ||||||||||
Capital One Prime Auto Receivables Trust 2023-1 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 16:01 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]