| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1retained | 336.4 | 16.3% | 3.25% | 1.04 | 4.00% | +37 I-curve | 2027-09-15 | — |
| Class A-2-A | 572.4 | 27.7% | 3.25% | 1.04 | 4.48% | — | 2029-09-17 | Aaa |
| Class A-2-B | 157.9 | 7.6% | 3.25% | 1.04 | floating | +37 SOFR | 2029-09-17 | Aaa |
| Class A-3 | 730.3 | 35.3% | 3.25% | 2.55 | 4.77% | +37 I-curve | 2031-07-15 | Aaa |
| Class A-4 | 118.4 | 5.7% | 3.25% | 3.58 | 4.88% | +41 I-curve | 2032-02-17 | Aaa |
| Class Bretained | 19.7 | 1.0% | 2.25% | 1.04 | 5.06% | +37 SOFR | 2032-03-15 | — |
| Class Cretained | 19.7 | 1.0% | 1.25% | — | 5.21% | — | 2032-04-15 | — |
| Class Dretained | 19.7 | 1.0% | 0.25% | — | 5.70% | — | 2033-09-15 | — |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| Sponsor | Capital One, National Association |
|---|---|
| Servicer | Capital One, National Association |
| Depositor / Transferor | Capital One Auto Receivables, LLC |
| Indenture Trustee | BNY Mellon Trust of Delaware |
| Owner Trustee | BNY Mellon Trust of Delaware |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | J.P. Morgan Securities, BofA Securities, RBC Capital Markets, Academy Securities, CastleOak Securities |
| COPAR 2026-1 | COPAR 2025-1 | COPAR 2024-1 | COPAR 2023-2 | COPAR 2023-1 | COPAR 2022-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-09-17 | 2025-11-05 | 2024-11-26 | 2023-10-11 | 2023-02-23 | 2022-08-10 | 424B5 |
| Pool balance | $2,067.0MM | $1,456.2MM | $1,116.1MM | $1,229.0MM | $1,495.7MM | $2,066.7MM | 424B5 |
| WA Credit Score | 798+19 | 787 | 782 | 779 | 779 | 773 | 424B5 |
| WA APR | 6.40%+1.27pp | 7.27% | 7.56% | 5.13% | 3.90% | 3.57% | 424B5 |
| WA original term mo | 72.0+5.0 | 70.0 mo | 68.0 mo | 67.0 mo | 67.0 mo | 67.0 mo | 424B5 |
| % new vehicles | 37.9% | 26.4% | 28.6% | 38.1% | 39.5% | 35.0% | 424B5 |
| Geo top-3 | TX 10.9% FL 9.7% OH 7.6% | TX 10.3% FL 9.6% CA 7.4% | TX 12.5% FL 8.3% CA 7.9% | TX 14.9% CA 11.3% FL 7.7% | TX 14.3% CA 13.5% FL 8.1% | TX 13.9% CA 13.8% FL 8.4% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 3.25%0.00pp | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | calc |
| Enhancement, target | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | calc |
| Subordinate notes | 3.0%0.0pp | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | calc |
| OC (initial) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 424B5 |
| OC target | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| OC floor | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 4.47% | 1.67% | 2.77% | 8.21% | 9.31% | 8.11% | 424B5 |
| Pricing | |||||||
| AAA spread | +37 bps−11bps A-3 · 2.5y | +40 bps A-3 · 2.5y | +41 bps A-3 · 2.5y | — | +56 bps A-3 · 2.5y | +65 bps A-3 · 2.5y | FWP |
| Terms | |||||||
| Tranches | 8 | 8 | 8 | 8 | 7 | 8 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| COPAR 2026-1 | WOART 2026-C | BMWOT 2026-A | HAROT 2026-3 | CAOT 2026-3 | TAOT 2026-C | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2026-09-17 | 2026-08-26 | 2026-08-19 | 2026-08-12 | 2026-07-22 | 2026-07-21 | 424B5 |
| Pool balance | $2,067.0MM | $1,084.4MM | $1,895.5MM | $2,159.3MM | $1,353.4MM | $2,023.1MM | 424B5 |
| WA Credit Score | 798+28 | 758 | 788 | 770 | 765 | 771 | 424B5 |
| WA APR | 6.40%+1.04pp | 5.74% | 5.36% | 4.94% | 8.41% | 5.36% | 424B5 |
| WA original term mo | 72.0+6.0 | 69.0 mo | 65.1 mo | 62.7 mo | 67.1 mo | 66.0 mo | 424B5 |
| % new vehicles | 37.9% | 98.5% | 70.5% | 86.1% | 0.0% | 87.5% | 424B5 |
| Geo top-3 | TX 10.9% FL 9.7% OH 7.6% | FL 46.2% GA 18.6% NC 15.4% | CA 15.9% TX 13.2% FL 10.9% | CA 16.1% TX 10.0% NY 5.8% | CA 18.2% TX 10.4% FL 6.5% | CA 24.2% TX 16.3% IL 3.9% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 3.25%+0.50pp | 4.75% | 2.75% | 2.75% | 5.45% | 2.75% | calc |
| Enhancement, target | 3.50% | 5.65% | 2.75% | — | 5.45% | 3.60% | calc |
| Subordinate notes | 3.0%+0.5pp | 4.5% | 0.0% | 0.0% | 4.9% | 2.5% | calc |
| OC (initial) | 0.00% | 0.00% | 2.50% | 2.50% | 0.25% | 0.00% | 424B5 |
| OC target | 0.25% | 0.90% | 2.50% | — | 0.25% | 0.85% | 424B5 |
| OC floor | 0.25% | 0.50% | 2.50% | — | 0.25% | 0.85% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | 4.47% | 6.76% | 5.31% | n.a. | n.a. | 6.08% | 424B5 |
| Pricing | |||||||
| AAA spread | +37 bps−2bps A-3 · 2.5y | +43 bps A-3 · 2.6y | +39 bps A-3 · 2.4y | +36 bps A-3 · 2.4y | +43 bps A-3 · 2.8y | +35 bps A-3 · 2.5y | FWP |
| Terms | |||||||
| Tranches | 8 | 7 | 5 | 5 | 7 | 6 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (303 series across 22 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
Capital One, National Association — ticker COPAR.
Peer tier: prime.
Open the performance page ↗ for
FICO sub-band and new/used stratification.