Capital One Prime Auto Receivables Trust 2024-1

06/16/2025 | Press release | Distributed by Public on 06/16/2025 10:22

Asset-Backed Issuer Distribution Report (Form 10-D)



CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2024-1
Statement to Securityholders
Determination Date: June 11, 2025
Payment Date 6/16/2025
Collection Period Start 5/1/2025
Collection Period End 5/31/2025
Interest Period Start 5/15/2025
Interest Period End 6/15/2025
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 $ 275,244,127.87 $ 26,301,188.92 $ 248,942,938.95 0.790797 Oct-27
Class A-2b Notes $ 68,898,466.57 $ 6,583,652.12 $ 62,314,814.45 0.790797 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 $ 835,732,594.44 $ 32,884,841.04 $ 802,847,753.40
Beginning Balance Ending Balance Pool Factor
Net Pool Balance $ 862,692,671.24 $ 828,908,224.91 0.742666
YSOC Amount $ 24,247,086.82 $ 23,347,481.53
Adjusted Pool Balance $ 838,445,584.42 $ 805,560,743.38
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 $ 275,244,127.87 4.61000% 30/360 $ 1,057,396.19
Class A-2b Notes $ 68,898,466.57 4.65228% ACT/360 $ 284,919.96
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 $ 835,732,594.44 $ 3,251,133.56




II. COLLATERAL POOL BALANCE
Beginning of Period End of Period
Net Pool Balance $ 862,692,671.24 $ 828,908,224.91
Adjusted Pool Balance (Net Pool Balance - YSOC Amount) $ 838,445,584.42 $ 805,560,743.38
Number of Receivables Outstanding 43,357 42,474
Weighted Average Contract Rate 7.56 % 7.56 %
Weighted Average Remaining Term (months) 49.7 48.8

III. FUNDS AVAILABLE FOR DISTRIBUTION
Available Funds:
a. Collections
Interest Collections $ 5,454,738.66
Principal Collections $ 33,542,241.24
Liquidation Proceeds $ 211,189.69
b. Repurchase Price $ -
c. Optional Purchase Price $ -
d. Reserve Account Excess Amount $ -
Total Available Funds $ 39,208,169.59
Reserve Account Draw Amount $ -
Total Funds Available for Distribution $ 39,208,169.59

IV. DISTRIBUTION
Calculated Amount Amount Paid Shortfall Carryover Shortfall Remaining Available Funds
Servicing Fee $ 718,910.56 $ 718,910.56 $ - $ - $ 38,489,259.03
Interest - Class A-1 Notes $ - $ - $ - $ - $ 38,489,259.03
Interest - Class A-2a Notes $ 1,057,396.19 $ 1,057,396.19 $ - $ - $ 37,431,862.84
Interest - Class A-2b Notes $ 284,919.96 $ 284,919.96 $ - $ - $ 37,146,942.88
Interest - Class A-3 Notes $ 1,515,360.00 $ 1,515,360.00 $ - $ - $ 35,631,582.88
Interest - Class A-4 Notes $ 254,125.33 $ 254,125.33 $ - $ - $ 35,377,457.55
First Allocation of Principal $ - $ - $ - $ - $ 35,377,457.55
Interest - Class B Notes $ 44,213.75 $ 44,213.75 $ - $ - $ 35,333,243.80
Second Allocation of Principal $ 8,471,851.06 $ 8,471,851.06 $ - $ - $ 26,861,392.74
Interest - Class C Notes $ 46,022.08 $ 46,022.08 $ - $ - $ 26,815,370.66
Third Allocation of Principal $ 10,850,000.00 $ 10,850,000.00 $ - $ - $ 15,965,370.66
Interest - Class D Notes $ 49,096.25 $ 49,096.25 $ - $ - $ 15,916,274.41
Fourth Allocation of Principal $ 10,850,000.00 $ 10,850,000.00 $ - $ - $ 5,066,274.41
Reserve Account Deposit Amount $ - $ - $ - $ - $ 5,066,274.41
Regular Principal Distribution Amount $ 2,712,989.98 $ 2,712,989.98 $ - $ - $ 2,353,284.43
Owner Trustee, Indenture Trustee, and ARR Fees & Expenses $ - $ - $ - $ - $ 2,353,284.43
Remaining Funds to Certificates $ 2,353,284.43 $ 2,353,284.43 $ - $ - $ -
Total $ 39,208,169.59 $ 39,208,169.59 $ - $ -



V. OVERCOLLATERALIZATION INFORMATION
Yield Supplement Overcollateralization Amount:
Beginning Period YSOC Amount $ 24,247,086.82
Increase/(Decrease) $ (899,605.29)
Ending YSOC Amount $ 23,347,481.53
Overcollateralization: Beginning of Period End of Period
Adjusted Pool Balance $ 838,445,584.42 $ 805,560,743.38
Note Balance $ 835,732,594.44 $ 802,847,753.40
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
0.03% 18 $ 242,205.09
Liquidation Proceeds of Defaulted Receivables2
0.03% 65 $ 211,189.69
Monthly Net Losses (Liquidation Proceeds) $ 31,015.40
Net Losses as % of Average Pool Balance (annualized)
Third Preceding Collection Period 0.33 %
Second Preceding Collection Period 0.18 %
Preceding Collection Period (0.06) %
Current Collection Period 0.04 %
Four-Month Average Net Loss Ratio 0.12 %
Cumulative Net Losses for All Periods $ 929,659.39
Cumulative Net Loss Ratio 0.08 %
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.
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 0.09% 35 $ 786,609.07
60-89 Days Delinquent 0.02% 6 $ 154,367.69
90-119 Days Delinquent 0.01% 4 $ 116,594.46
120+ Days Delinquent 0.00% 0 $ -
Total Delinquent Receivables 0.13% 45 $ 1,057,571.22
Repossession Inventory: # of Receivables Principal Balance
Repossessed in the Current Collection Period 6 $ 141,358.09
Total Repossessed Inventory 6 $ 160,819.07
60+ Delinquency Percentage: # of Receivables Amount
60+ Day Delinquent Receivables 10 $ 270,962.15
60+ Delinquencies as % of EOP Net Pool Balance
Third Preceding Collection Period 0.01 %
Second Preceding Collection Period 0.01 %
Preceding Collection Period 0.03 %
Current Collection Period 0.03 %
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 May 2025.
Month-End Balance # of Receivables
($MM) (%) (#) (%)
Total Extensions 0.36 0.04% 16 0.04%


Capital One Prime Auto Receivables Trust 2024-1 published this content on June 16, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on June 16, 2025 at 16:22 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io