| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 336.4 | 16.3% | 79.3% | 4.00% fxd | — | 2027-09-15 | — | — |
| Class A-2-A | 572.4 | 27.7% | 51.6% | 4.48% fxd | 1.04 | 2029-09-17 | Aaa | Aaa |
| Class A-2-B | 157.9 | 7.6% | 43.9% | +37 bps SOFR | 1.04 | 2029-09-17 | Aaa | Aaa |
| Class A-3 | 730.3 | 35.3% | 8.6% | 4.77% fxd | 2.55 | 2031-07-15 | Aaa | Aaa |
| Class A-4 | 118.4 | 5.7% | 2.9% | 4.88% fxd | 3.58 | 2032-02-17 | Aaa | Aaa |
| Class B | 19.7 | 1.0% | 1.9% | 5.06% fxd | — | 2032-03-15 | — | — |
| Class C | 19.7 | 1.0% | 1.0% | 5.21% fxd | — | 2032-04-15 | — | — |
| Class D | 19.7 | 1.0% | 0.0% | 5.70% fxd | — | 2033-09-15 | — | — |
| Sponsor | Capital One, National Association |
|---|---|
| Servicer | Servicing |
| Depositor / Transferor | Capital One, National Association |
| 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 | |
|---|---|---|---|---|---|---|
| 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 |
| Pool balance | $2,067.0MM | $1,456.2MM | $1,116.1MM | $1,229.0MM | $1,495.7MM | $2,066.7MM |
| WA Credit Score | 774−5 | 776 | 777 | 779 | 779 | 779 |
| WA APR | 6.40%+1.27pp | 7.27% | 7.56% | 5.13% | 3.90% | 3.57% |
| WA original term mo | 72.0+5.0 | 70.0 mo | 68.0 mo | 67.0 mo | 67.0 mo | 67.0 mo |
| % new vehicles | 37.9% | 26.4% | 28.6% | 38.1% | 39.5% | 35.0% |
| Reserve % | 0.24% | 0.18% | 0.24% | 0.23% | 0.23% | 0.23% |
| 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% |
| Structure (at issuance) | ||||||
| AAA spread | +37 bps−1bps | +33 bps | +32 bps | +59 bps | +38 bps | +65 bps |
| AAA % of pool | 76.4%+3.6pp | 75.6% | — | 72.8% | 72.3% | 72.8% |
| Subordination below AAA | 2.9%+0.1pp | 2.9% | — | 2.8% | 2.7% | 2.8% |
| OC (initial) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| OC target | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| OC floor | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| YSOC | 4.47% | 1.67% | 2.77% | 8.21% | 9.31% | 8.11% |
| Tranches | 8 | 8 | 8 | 8 | 7 | 8 |
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 | HART 2026-C | WOART 2026-C | BMWOT 2026-A | HAROT 2026-3 | CAOT 2026-3 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2026-09-17 | — | 2026-08-26 | 2026-08-19 | 2026-08-12 | 2026-07-22 |
| Pool balance | $2,067.0MM | $1,674.8MM | $1,084.4MM | $1,895.5MM | $2,159.3MM | $1,353.4MM |
| WA Credit Score | 774+4 | 774 | 758 | 784 | 770 | 765 |
| WA APR | 6.40%+1.46pp | 4.48% | 5.74% | 3.35% | 4.94% | 8.41% |
| WA original term mo | 72.0+6.1 | 65.9 mo | 69.0 mo | 65.1 mo | 62.7 mo | 67.1 mo |
| % new vehicles | 37.9% | 99.9% | 98.5% | 70.5% | 86.1% | 0.0% |
| Reserve % | 0.24% | 0.25% | 0.23% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 10.9% FL 9.7% OH 7.6% | TX 12.9% FL 9.6% CA 8.6% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +37 bps+6bps | — | +31 bps | +30 bps | +32 bps | — |
| AAA % of pool | 76.4%+4.4pp | 64.9% | 70.0% | 72.0% | 73.9% | 72.8% |
| Subordination below AAA | 2.9%−1.3pp | 4.4% | 4.2% | 0.0% | 0.0% | 4.9% |
| OC (initial) | 0.00% | 3.00% | — | 2.50% | — | 0.25% |
| OC target | 0.25% | 3.00% | 0.90% | 2.50% | — | 0.25% |
| OC floor | 0.25% | 3.00% | 0.50% | 2.50% | — | 0.25% |
| YSOC | 4.47% | 8.14% | 6.76% | 5.31% | 5.84% | n.a. |
| Tranches | 8 | 7 | 7 | 5 | 5 | 7 |
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 (295 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 in Explorer ↗ for
FICO sub-band and new/used stratification.