Capital One Prime Auto Receivables Trust 2023-1
07/15/2026 | Press release | Distributed by Public on 07/15/2026 10:18
Asset-Backed Issuer Distribution Report (Form 10-D)
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2023-1
Statement to Securityholders
Determination Date: July 10, 2026
| Payment Date | 7/15/2026 | ||||
| Collection Period Start | 6/1/2026 | ||||
| Collection Period End | 6/30/2026 | ||||
| Interest Period Start | 6/15/2026 | ||||
| Interest Period End | 7/14/2026 | ||||
| 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 | $ | 75,357,436.56 | $ | 16,900,482.70 | $ | 58,456,953.86 | 0.123067 | 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 | $ | 214,737,436.56 | $ | 16,900,482.70 | $ | 197,836,953.86 | |||||||||||
| Beginning Balance | Ending Balance | Pool Factor | |||||||||||||||
| Net Pool Balance | $ | 235,444,220.86 | $ | 217,013,935.35 | 0.145088 | ||||||||||||
| YSOC Amount | $ | 17,315,582.92 | $ | 15,785,780.11 | |||||||||||||
| Adjusted Pool Balance | $ | 218,128,637.94 | $ | 201,228,155.24 | |||||||||||||
| 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 | $ | 75,357,436.56 | 4.87000% | 30/360 | $ | 305,825.60 | |||||||||||
| 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 | $ | 214,737,436.56 | $ | 886,836.60 | |||||||||||||
II. COLLATERAL POOL BALANCE
| Beginning of Period | End of Period | |||||||
| Net Pool Balance | $ | 235,444,220.86 | $ | 217,013,935.35 | ||||
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $ | 218,128,637.94 | $ | 201,228,155.24 | ||||
| Number of Receivables Outstanding | 26,812 | 25,888 | ||||||
| Weighted Average Contract Rate | 4.00 | % | 4.01 | % | ||||
| Weighted Average Remaining Term (months) | 21.8 | 21.0 | ||||||
III. FUNDS AVAILABLE FOR DISTRIBUTION
| Available Funds: | |||||
| a. Collections | |||||
| Interest Collections | $ | 798,868.78 | |||
| Principal Collections | $ | 18,251,311.58 | |||
| Liquidation Proceeds | $ | 169,924.17 | |||
| b. Repurchase Price | $ | 10,617.65 | |||
| c. Optional Purchase Price | $ | - | |||
| d. Reserve Account Excess Amount | $ | - | |||
| Total Available Funds | $ | 19,230,722.18 | |||
| Reserve Account Draw Amount | $ | - | |||
| Total Funds Available for Distribution | $ | 19,230,722.18 | |||
IV. DISTRIBUTION
| Calculated Amount | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||
| Servicing Fee | $ | 196,203.52 | $ | 196,203.52 | $ | - | $ | - | $ | 19,034,518.66 | |||||||
| Interest - Class A-1 Notes | $ | - | $ | - | $ | - | $ | - | $ | 19,034,518.66 | |||||||
| Interest - Class A-2 Notes | $ | - | $ | - | $ | - | $ | - | $ | 19,034,518.66 | |||||||
| Interest - Class A-3 Notes | $ | 305,825.60 | $ | 305,825.60 | $ | - | $ | - | $ | 18,728,693.06 | |||||||
| Interest - Class A-4 Notes | $ | 391,510.00 | $ | 391,510.00 | $ | - | $ | - | $ | 18,337,183.06 | |||||||
| First Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 18,337,183.06 | |||||||
| Interest - Class B Notes | $ | 57,291.00 | $ | 57,291.00 | $ | - | $ | - | $ | 18,279,892.06 | |||||||
| Second Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 18,279,892.06 | |||||||
| Interest - Class C Notes | $ | 60,568.00 | $ | 60,568.00 | $ | - | $ | - | $ | 18,219,324.06 | |||||||
| Third Allocation of Principal | $ | - | $ | - | $ | - | $ | - | $ | 18,219,324.06 | |||||||
| Interest - Class D Notes | $ | 71,642.00 | $ | 71,642.00 | $ | - | $ | - | $ | 18,147,682.06 | |||||||
| Fourth Allocation of Principal | $ | 13,509,281.32 | $ | 13,509,281.32 | $ | - | $ | - | $ | 4,638,400.74 | |||||||
| Reserve Account Deposit Amount | $ | - | $ | - | $ | - | $ | - | $ | 4,638,400.74 | |||||||
| Regular Principal Distribution Amount | $ | 3,391,201.38 | $ | 3,391,201.38 | $ | - | $ | - | $ | 1,247,199.36 | |||||||
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $ | - | $ | - | $ | - | $ | - | $ | 1,247,199.36 | |||||||
| Remaining Funds to Certificates | $ | 1,247,199.36 | $ | 1,247,199.36 | $ | - | $ | - | $ | - | |||||||
| Total | $ | 19,230,722.18 | $ | 19,230,722.18 | $ | - | $ | - | |||||||||
V. OVERCOLLATERALIZATION INFORMATION
| Yield Supplement Overcollateralization Amount: | |||||
| Beginning Period YSOC Amount | $ | 17,315,582.92 | |||
| Increase/(Decrease) | $ | (1,529,802.81) | |||
| Ending YSOC Amount | $ | 15,785,780.11 | |||
| Overcollateralization: | Beginning of Period | End of Period | ||||||
| Adjusted Pool Balance | $ | 218,128,637.94 | $ | 201,228,155.24 | ||||
| Note Balance | $ | 214,737,436.56 | $ | 197,836,953.86 | ||||
| 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
|
0.08% | 19 | $ | 173,923.72 | |||||||
|
Liquidation Proceeds of Defaulted Receivables2
|
0.08% | 183 | $ | 169,924.17 | |||||||
| Monthly Net Losses (Liquidation Proceeds) | $ | 3,999.55 | |||||||||
| Net Losses as % of Average Pool Balance (annualized) | |||||||||||
| Third Preceding Collection Period | (0.08) | % | |||||||||
| Second Preceding Collection Period | (0.18) | % | |||||||||
| Preceding Collection Period | 0.20 | % | |||||||||
| Current Collection Period | 0.02 | % | |||||||||
| Four-Month Average Net Loss Ratio | (0.01) | % | |||||||||
| Cumulative Net Losses for All Periods | $ | 4,625,808.72 | |||||||||
| Cumulative Net Loss Ratio | 0.31 | % | |||||||||
|
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 | 0.53% | 90 | $ | 1,147,849.46 | |||||||
| 60-89 Days Delinquent | 0.17% | 30 | $ | 369,742.17 | |||||||
| 90-119 Days Delinquent | 0.08% | 10 | $ | 167,650.65 | |||||||
| 120+ Days Delinquent | 0.00% | 0 | $ | - | |||||||
| Total Delinquent Receivables | 0.78% | 130 | $ | 1,685,242.28 | |||||||
| Repossession Inventory: | # of Receivables | Principal Balance | |||||||||
| Repossessed in the Current Collection Period | 4 | $ | 50,362.26 | ||||||||
| Total Repossessed Inventory | 10 | $ | 109,069.18 | ||||||||
| 60+ Delinquency Percentage: | # of Receivables | Amount | |||||||||
| 60+ Day Delinquent Receivables | 40 | $ | 537,392.82 | ||||||||
| 60+ Delinquencies as % of EOP Net Pool Balance | |||||||||||
| Third Preceding Collection Period | 0.25 | % | |||||||||
| Second Preceding Collection Period | 0.28 | % | |||||||||
| Preceding Collection Period | 0.27 | % | |||||||||
| Current Collection Period | 0.25 | % | |||||||||
| 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 June 2026.
| Month-End Balance | # of Receivables | |||||||||||||
| ($MM) | (%) | (#) | (%) | |||||||||||
| Total Extensions | 0.43 | 0.20% | 38 | 0.15% | ||||||||||
Capital One Prime Auto Receivables Trust 2023-1 published this content on July 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 15, 2026 at 16:18 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]