Capital One Prime Auto Receivables Trust 2024-1
05/15/2026 | Press release | Distributed by Public on 05/15/2026 11:39
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2024-1
Statement to Securityholders
Determination Date: May 12, 2026
| Payment Date | 5/15/2026 | ||||
| Collection Period Start | 4/1/2026 | ||||
| Collection Period End | 4/30/2026 | ||||
| Interest Period Start | 4/15/2026 | ||||
| Interest Period End | 5/14/2026 | ||||
| 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 | $ | 18,233,726.54 | $ | 18,233,726.54 | $ | - | - | Oct-27 | |||||||||
| Class A-2b Notes | $ | 4,564,223.77 | $ | 4,564,223.77 | $ | - | - | Oct-27 | |||||||||
| Class A-3 Notes | $ | 393,600,000.00 | $ | 2,293,306.78 | $ | 391,306,693.22 | 0.994174 | 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 | $ | 514,387,950.31 | $ | 25,091,257.09 | $ | 489,296,693.22 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 532,278,242.95 | $ | 506,457,465.92 | 0.453764 | ||||||||||||
| YSOC Amount | $ | 15,177,302.66 | $ | 14,447,782.72 | |||||||||||||
| Adjusted Pool Balance | $ | 517,100,940.29 | $ | 492,009,683.20 | |||||||||||||
| 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 | $ | 18,233,726.54 | 4.61000% | 30/360 | $ | 70,047.90 | |||||||||||
| Class A-2b Notes | $ | 4,564,223.77 | 3.95980% | ACT/360 | $ | 15,061.18 | |||||||||||
| 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 | $ | 514,387,950.31 | $ | 1,993,926.49 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 532,278,242.95 | $ | 506,457,465.92 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 517,100,940.29 | $ | 492,009,683.20 | ||||
| Number of Receivables Outstanding | 33,909 | 33,035 | ||||||
| Weighted Average Contract Rate | 7.59 | % | 7.59 | % | ||||
| Weighted Average Remaining Term (months) | 39.5 | 38.6 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 3,390,426.02 | |||
| Principal Collections | $ | 25,674,507.85 | |||
| Liquidation Proceeds | $ | 116,507.87 | |||
| b. Repurchase Price | $ | - | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 29,181,441.74 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 29,181,441.74 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 443,565.20 | $ | 443,565.20 | $ | - | $ | - | $ | 28,737,876.54 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 28,737,876.54 | |||||||
| Interest - Class A-2a Notes | $ | 70,047.90 | $ | 70,047.90 | $ | - | $ | - | $ | 28,667,828.64 | |||||||
| Interest - Class A-2b Notes | $ | 15,061.18 | $ | 15,061.18 | $ | - | $ | - | $ | 28,652,767.46 | |||||||
| Interest - Class A-3 Notes | $ | 1,515,360.00 | $ | 1,515,360.00 | $ | - | $ | - | $ | 27,137,407.46 | |||||||
| Interest - Class A-4 Notes | $ | 254,125.33 | $ | 254,125.33 | $ | - | $ | - | $ | 26,883,282.13 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 26,883,282.13 | |||||||
| Interest - Class B Notes | $ | 44,213.75 | $ | 44,213.75 | $ | - | $ | - | $ | 26,839,068.38 | |||||||
| Second Allocation of Principal | $ | 678,267.11 | $ | 678,267.11 | $ | - | $ | - | $ | 26,160,801.27 | |||||||
| Interest - Class C Notes | $ | 46,022.08 | $ | 46,022.08 | $ | - | $ | - | $ | 26,114,779.19 | |||||||
| Third Allocation of Principal | $ | 10,850,000.00 | $ | 10,850,000.00 | $ | - | $ | - | $ | 15,264,779.19 | |||||||
| Interest - Class D Notes | $ | 49,096.25 | $ | 49,096.25 | $ | - | $ | - | $ | 15,215,682.94 | |||||||
| Fourth Allocation of Principal | $ | 10,850,000.00 | $ | 10,850,000.00 | $ | - | $ | - | $ | 4,365,682.94 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 4,365,682.94 | |||||||
| Regular Principal Distribution Amount | $ | 2,712,989.98 | $ | 2,712,989.98 | $ | - | $ | - | $ | 1,652,692.96 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 1,652,692.96 | |||||||
| Remaining Funds to Certificates | $ | 1,652,692.96 | $ | 1,652,692.96 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 29,181,441.74 | $ | 29,181,441.74 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 15,177,302.66 | |||
| Increase/(Decrease) | $ | (729,519.94) | |||
| Ending YSOC Amount | $ | 14,447,782.72 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 517,100,940.29 | $ | 492,009,683.20 | ||||
| Note Balance | $ | 514,387,950.31 | $ | 489,296,693.22 | ||||
| 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% | 16 | $ | 146,269.18 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.02% | 105 | $ | 116,507.87 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | 29,761.31 | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | 0.20 | % | |||||||||
| Second Preceding Collection Period | (0.03) | % | |||||||||
| Preceding Collection Period | 0.33 | % | |||||||||
| Current Collection Period | 0.07 | % | |||||||||
| Four-Month Average Net Loss Ratio | 0.14 | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 2,111,374.43 | |||||||||
| Cumulative Net Loss Ratio | 0.19 | % | |||||||||
|
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 | 0.15% | 39 | $ | 756,482.49 | |||||||
| 60-89 Days Delinquent | 0.07% | 19 | $ | 337,560.65 | |||||||
| 90-119 Days Delinquent | 0.01% | 4 | $ | 60,339.96 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.23% | 62 | $ | 1,154,383.10 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 3 | $ | 71,631.66 | ||||||||
| Total Repossessed Inventory | 6 | $ | 132,537.89 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 23 | $ | 397,900.61 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.08 | % | |||||||||
| Second Preceding Collection Period | 0.08 | % | |||||||||
| Preceding Collection Period | 0.07 | % | |||||||||
| Current Collection Period | 0.08 | % | |||||||||
| 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 April 2026.
| Month-End Balance | # of Receivables | |||||||||||||
| ($MM) | (%) | (#) | (%) | |||||||||||
| Total Extensions | 0.64 | 0.13% | 28 | 0.08% | ||||||||||
Capital One Prime Auto Receivables Trust 2024-1 published this content on May 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 15, 2026 at 17:39 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]