Capital One Auto Receivables LLC Closes Auto‑Loan Securitization

What Happened
On September 17, 2026, Capital One, National Association (CONA) and Capital One Auto Receivables, LLC (COAR) completed a securitization transaction: CONA transferred a pool of motor vehicle retail installment sales contracts (new and used autos, light trucks, SUVs and vans) to COAR, and those receivables were sold to a newly amended trust, Capital One Prime Auto Receivables Trust 2026-1 (the Issuer). The Issuer issued multiple classes of auto loan asset‑backed notes and granted a security interest in the receivables to secure the notes. CONA will act as servicer and sponsor, and Wilmington Trust, National Association serves in trustee/administration roles.

Key Details

• Closing date: September 17, 2026. Trust originally established July 24, 2026 and amended on the Closing Date.
• Publicly registered notes sold total $1,500,000,000 (Class A-2-A $543,760,000; Class A-2-B $150,000,000; Class A-3 $693,760,000; Class A-4 $112,480,000).
• Coupon/interest references for issued notes include: Class A-1 4.002%, A-2-A 4.48%, A-2-B SOFR + 0.37%, A-3 4.77%, A-4 4.88%, B 5.06%, C 5.21%, D 5.70%.
• Underwriters for the public notes included J.P. Morgan Securities, BofA Securities and RBC Capital Markets (among others); the Publicly Registered Notes were registered on Form SF-3 (Registration Statement No. 333-286543).

Why It Matters
This 8‑K documents a typical asset‑backed securitization that converts a portfolio of auto loans into tradable notes. For investors, the filing signals a new pool of securities backed by Capital One auto loans totaling material principal amounts ($1.5B publicly registered), with CONA remaining the servicer (so Capital One continues to manage collections and customer interactions). The notes are secured by the receivables, and investors should consider the credit characteristics of the underlying loans and the servicer/sponsor arrangements when evaluating risk.