# EDGAR Filing Document

**Accession Number:** 0001133438
**File Stem:** 0001786041-23-000006
**Filing Date:** 2023-2
**Character Count:** 18095
**Document Hash:** fb7c7df9a964d5dd9d6ee22455670ab4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001786041-23-000006.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001786041-23-000006

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**ABS ASSET CLASS**: Auto loans

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital One Prime Auto Receivables Trust 2019-2
- **CENTRAL INDEX KEY:** 0001786041
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-226529-02
- **FILM NUMBER:** 23634500

**BUSINESS ADDRESS:**
- **STREET 1:** 1600 CAPITAL ONE DRIVE
- **STREET 2:** ROOM 27907B
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
- **BUSINESS PHONE:** 804.290.6736

**MAIL ADDRESS:**
- **STREET 1:** 1600 CAPITAL ONE DRIVE
- **STREET 2:** ROOM 27907B
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital One Auto Receivables LLC
- **CENTRAL INDEX KEY:** 0001133438
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 311750007
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-54736
- **FILM NUMBER:** 23634501

**BUSINESS ADDRESS:**
- **STREET 1:** 1600 CAPITAL ONE DRIVE
- **STREET 2:** ROOM 27907B
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102
- **BUSINESS PHONE:** 804.290.6736

**MAIL ADDRESS:**
- **STREET 1:** 1600 CAPITAL ONE DRIVE
- **STREET 2:** ROOM 27907B
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPITAL ONE AUTO RECEIVABLES LLC
- **DATE OF NAME CHANGE:** 20010130

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-D**

**ASSET-BACKED ISSUER**

**Distribution Report Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

For the monthly reporting period from January 1, 2023 to January 31, 2023

Commission File Number of issuing entity: 333-226529-02

Central Index Key Number of issuing entity: 0001786041

**CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2019-2**

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-226529

Central Index Key Number of depositor: 0001133438

**CAPITAL ONE AUTO RECEIVABLES, LLC**

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor: 0000047288

**CAPITAL ONE, NATIONAL ASSOCIATION**

(Exact name of sponsor as specified in its charter)

Eric Bauder

Senior Director, Capital Markets

703-720-3148

Delaware

(State of jurisdiction of incorporation or organization of the issuing entity)

84-6602668

(I.R.S. Employer Identification No.)

c/o Capital One Auto Receivables, LLC<br>1600 Capital One Drive<br>Room 27907B<br>McLean, Virginia<br>(Address of principal executive offices) 22102<br>(zip code)<br>

703-720-3148

(Telephone number, including area code)

Each class of Notes to which this report on Form 10-D relates is subject to the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934. The title of each class of Notes to which this report on Form 10-D relates is set forth in Exhibit 99.1 hereto.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

------

**PART I - DISTRIBUTION INFORMATION**

**ITEM 1 - Distribution and Pool Performance Information.**

Response to Item 1 is set forth in Exhibit 99.1.

**ITEM 1A -Asset-Level Information.**

The asset-level data for the asset pool of the issuing entity included in Exhibit 102 to the Form ABS-EE filed by the issuing entity with the U.S. Securities and Exchange Commission on February 15, 2023 (the "Form ABS-EE") is incorporated into this Form 10-D by reference.

The additional asset-level information or explanatory language for the asset pool of the issuing entity included in Exhibit 103 to the Form ABS-EE is also incorporated into this Form 10-D by reference.

**ITEM 1B - Asset Representations Reviewer and Investor Communication.**

None.

**PART II - OTHER INFORMATION**

**ITEM 2 - Legal Proceedings.**

None.

**ITEM 3 - Sales of Securities and Use of Proceeds.**

None.

**ITEM 4 - Defaults Upon Senior Securities.**

None.

**ITEM 5 - [Reserved]**

**ITEM 6 - Significant Obliger's of Pool Assets.**

None.

**ITEM 7 - Change in Sponsor Interest in the Securities.**

None.

**ITEM 8 - Significant Enhancement Provider Information.**

None.

------

**ITEM 9 - Other Information.**

*Repurchases and Replacements*

No assets securitized by Capital One, National Association ("CONA") and held by the issuing entity were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly reporting period from January 1, 2023 to January 31, 2023. Please refer to the Form ABS-15G filed by the depositor on February 9, 2023 for additional information. The CIK number of the depositor is 0001133438.

*Credit Risk Retention Rules*

On September 18, 2019 (the "Closing Date"), CONA (either directly or through one or more wholly-owned special purposes subsidiaries of CONA) retained 5% of each class of Notes and the Certificates issued by Capital One Prime Auto Receivables Trust 2019-2 (collectively, the "Retained Interest") in order to enable compliance by affected institutional investors with certain provisions of Regulation (EU) 2017/2402 of December 12, 2017, together with any guidance published and regulatory technical and implementing standards adopted in relation thereto (collectively, the "EU Retention Rules"), as in effect and applicable on the Closing Date. As of the last day of the period covered by this report CONA (either directly or through one or more wholly-owned special purposes subsidiaries of CONA) continues to retain the Retained Interest for purposes of the EU Retention Rules.

CONA has not hedged or otherwise mitigated (and has not permitted the depositor or any of its affiliates to hedge or otherwise mitigate) its credit risk under or associated with the Retained Interest, or sold, transferred or otherwise surrendered all or part of the rights, benefits or obligations arising from the Retained Interest, except, in each case, as permitted under those EU Retention Rules.

CONA has not changed the manner in which it retains the Retained Interest, except in accordance with those EU Retention Rules.

**ITEM 10 - Exhibits.**

(a) Documents filed as part of this report:

Exhibit 99.1: &nbsp;&nbsp;&nbsp;&nbsp;<u>[Servicer's Monthly Securityholder Report.](copar2019-2exx991xjanuary2.htm)</u>

(b) Exhibits required by this Form and Item 601 of Regulation S-K:

Exhibit 102: &nbsp;&nbsp;&nbsp;&nbsp;<u>[Asset](https://www.sec.gov/Archives/edgar/data/1133438/000095013123000588/copart192ex102_0214-1832.xml)[Data File](https://www.sec.gov/Archives/edgar/data/1133438/000095013123000588/copart192ex102_0214-1832.xml)</u> (incorporated by reference to Exhibit 102 to Form ABS-EE filed by the issuing entity on February 15, 2023).

Exhibit 103:&nbsp;&nbsp;&nbsp;&nbsp;<u>[Asset Related Document](https://www.sec.gov/Archives/edgar/data/1133438/000095013123000588/copart192ex103_0214-1833.xml)</u> (incorporated by reference to Exhibit 103 to Form ABS-EE filed by the issuing entity on February 15, 2023).

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: February 15, 2023

---

| | |
|:---|:---|
| **<u>Capital One Prime Auto Receivables Trust 2019-2</u>** | **<u>Capital One Prime Auto Receivables Trust 2019-2</u>** |
| (Issuing Entity) | (Issuing Entity) |
| By: | **<u>Capital One, National Association</u>** |
| (Servicer, not in its individual capacity but | (Servicer, not in its individual capacity but |
| solely as servicer on behalf of the Issuing Entity) | solely as servicer on behalf of the Issuing Entity) |
| By: | <u>/s/ Jeremy Potts</u> |
| Name: | Jeremy Potts |
| Title: | Managing Vice President, Assistant Controller |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 99.1

Exhibit 99.1

**CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2019-2**

**Statement to Securityholders**

**Determination Date: February 10, 2023**

---

| | |
|:---|:---|
| Payment Date | 2/15/2023 |
| Collection Period Start | 1/1/2023 |
| Collection Period End | 1/31/2023 |
| Interest Period Start | 1/17/2023 |
| Interest Period End | 2/14/2023 |

---

---

| | |
|:---|:---|
| Cut-Off Date Net Pool Balance | $1410746433.5 |
| Cut-Off Date Adjusted Pool Balance | $1410746433.5 |

---

**<u>I. DEAL SUMMARY</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | <u>Beginning Note <br>Balance</u> | <u>Principal Payment</u> | <u>Ending Note Balance</u> | <u>Note Factor</u> | <u>Final Scheduled Payment Date</u> |
| Class A-1 Notes | $— | $— | $— |  | Sep-20 |
| Class A-2 Notes | $— | $— | $— |  | Sep-22 |
| Class A-3 Notes | $11040746.50 | $11040746.50 | $— |  | May-24 |
| Class A-4 Notes | $124422000.00 | $2493198.40 | $121928801.60 | 0.979962 | Feb-25 |
| Class B Notes | $14108000.00 | $— | $14108000.00 | 1.000000 | Mar-25 |
| Class C Notes | $14108000.00 | $— | $14108000.00 | 1.000000 | Apr-25 |
| Class D Notes | $14108000.00 | $— | $14108000.00 | 1.000000 | Jan-26 |
| **Total Notes** | $**177786746.50** | $**13533944.90** | $**164252801.60** |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| | <u>Beginning Balance</u> | <u>Ending Balance</u> | <u>Pool Factor</u> |
| Net Pool Balance | $181313612.58 | $167779667.68 | 0.118930 |
| YSOC Amount | N/A | N/A |  |
| Adjusted Pool Balance | $181313612.58 | $167779667.68 |  |
| Overcollateralization Amount (Adjusted Pool Balance - Note Balance) | $3526866.08 | $3526866.08 |  |
| Reserve Account Balance | $3526866.08 | $3526866.08 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | <u>Beginning Note <br>Balance</u> | <u>Interest Rate</u> | <u>Accrual Methodology</u> | <u>Interest Payment</u> |
| Class A-1 Notes | $— | 2.13163% | ACT/360 | $— |
| Class A-2 Notes | $— | 2.06000% | 30/360 | $— |
| Class A-3 Notes | $11040746.50 | 1.92000% | 30/360 | $17665.19 |
| Class A-4 Notes | $124422000.00 | 1.96000% | 30/360 | $203222.60 |
| Class B Notes | $14108000.00 | 2.16000% | 30/360 | $25394.40 |
| Class C Notes | $14108000.00 | 2.36000% | 30/360 | $27745.73 |
| Class D Notes | $14108000.00 | 2.69000% | 30/360 | $31625.43 |
| **Total Notes** | $**177786746.50** |  |  | $**305653.35** |

---

------

**<u>II. COLLATERAL POOL BALANCE</u>**

---

| | | |
|:---|:---|:---|
| | <u>Beginning of Period</u> | <u>End of Period</u> |
| Net Pool Balance | $181313612.58 | $167779667.68 |
| Adjusted Pool Balance (Net Pool Balance - YSOC Amount) | $181313612.58 | $167779667.68 |
| Number of Receivable Outstanding | 26922 | 25983 |
| Weight Average Contract Rate | 4.76% | 4.76% |
| Weighted Average Remaining Term (months) | 22 | 21 |

---

**<u>III. FUNDS AVAILABLE FOR DISTRIBUTION</u>**

---

| | |
|:---|:---|
| **Available Funds:** | |
| a. Collections |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Collections | $725665.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Collections | $13501243.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liquidation Proceeds | $64166.52 |
| b. Repurchase Price | $— |
| c. Optional Purchase Price | $— |
| d. Reserve Account Excess Amount | $— |
| Total Available Funds | $14291076.48 |
| Reserve Account Draw Amount | $— |
| **Total Funds Available for Distribution** | $**14291076.48** |

---

**<u>IV. DISTRIBUTION</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | <u>Calculated Amount</u> | <u>Amount Paid</u> | <u>Shortfall</u> | <u>Carryover Shortfall</u> | <u>Remaining Available Funds</u> |
| Servicing Fee | $151094.68 | $151094.68 | $— | $— | $14139981.80 |
| Interest - Class A-1 Notes | $— | $— | $— | $— | $14139981.80 |
| Interest - Class A-2 Notes | $— | $— | $— | $— | $14139981.80 |
| Interest - Class A-3 Notes | $17665.19 | $17665.19 | $— | $— | $14122316.61 |
| Interest - Class A-4 Notes | $203222.60 | $203222.60 | $— | $— | $13919094.01 |
| First Allocation of Principal | $— | $— | $— | $— | $13919094.01 |
| Interest - Class B Notes | $25394.40 | $25394.40 | $— | $— | $13893699.61 |
| Second Allocation of Principal | $— | $— | $— | $— | $13893699.61 |
| Interest - Class C Notes | $27745.73 | $27745.73 | $— | $— | $13865953.88 |
| Third Allocation of Principal | $— | $— | $— | $— | $13865953.88 |
| Interest - Class D Notes | $31625.43 | $31625.43 | $— | $— | $13834328.45 |
| Fourth Allocation of Principal | $10007078.82 | $10007078.82 | $— | $— | $3827249.63 |
| Reserve Account Deposit Amount | $— | $— | $— | $— | $3827249.63 |
| Regular Principal Distribution Amount | $3526866.08 | $3526866.08 | $— | $— | $300383.55 |
| Owner Trustee, Indenture Trustee, and ARR Fees & Expenses | $— | $— | $— | $— | $300383.55 |
| Remaining Funds to Certificates | $300383.55 | $300383.55 | $— | $— | $— |
| **Total** | $**14291076.48** | $**14291076.48** | $**—** | $**—** |  |

---

------

**<u>V. OVERCOLLATERALIZATION INFORMATION</u>**

---

| | |
|:---|:---|
| **Yield Supplement Overcollateralization Amount:** | |
| Beginning Period YSOC Amount | N/A |
| Increase/(Decrease) | N/A |
| Ending YSOC Amount | N/A |

---

---

| | | |
|:---|:---|:---|
| **Overcollateralization:** | <u>Beginning of Period</u> | <u>End of Period</u> |
| Adjusted Pool Balance | $181313612.58 | $167779667.68 |
| Note Balance | $177786746.50 | $164252801.60 |
| Overcollateralization (Adjusted Pool Balance - Note Balance) | $3526866.08 | $3526866.08 |
| Target Overcollateralization Amount | $3526866.08 | $3526866.08 |
| Overcollateralization Shortfall | $— | $— |

---

**<u>VI. RESERVE ACCOUNT</u>**

---

| | |
|:---|:---|
| Specified Reserve Account Balance | $3526866.08 |
| Beginning Reserve Account Balance | $3526866.08 |
| Reserve Account Deposit Amount | $— |
| Reserve Account Draw Amount | $— |
| Reserve Account Excess Amount | $— |
| Ending Reserve Account Balance | $3526866.08 |

---

------

**<u>VII. NET LOSS AND DELINQUENT RECEIVABLES</u>**

---

| | | | |
|:---|:---|:---|:---|
| **Net Loss:** | <u>% of EOP Net Pool Balance</u> | <u># of Receivables</u> | <u>Amount</u> |
| Defaulted Receivables during Collection Period (Principal Balance) | 0.02% | 4 | $32700.92 |
| Liquidation Proceeds of Defaulted Receivables<sup>1</sup> | 0.04% | 95 | $64166.52 |
| Monthly Net Losses (Liquidation Proceeds) |  |  | $(31465.60) |
| Net Losses as % of Average Pool Balance (annualized) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Preceding Collection Period |  |  | 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Preceding Collection Period |  |  | (0.24)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preceding Collection Period |  |  | (0.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Collection Period |  |  | (0.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Four-Month Average Net Loss Ratio |  |  | (0.09)% |
| Cumulative Net Losses for All Periods |  |  | $1939218.75 |
| Cumulative Net Loss Ratio |  |  | 0.14% |
| <sup>1</sup> Liquidation Proceeds include all proceeds on a receivable after it has been charged-off. | <sup>1</sup> Liquidation Proceeds include all proceeds on a receivable after it has been charged-off. | <sup>1</sup> Liquidation Proceeds include all proceeds on a receivable after it has been charged-off. |  |
| **Delinquent Receivables:** | <u>% of EOP Net Pool Balance</u> | <u># of Receivables</u> | <u>Principal Balance</u> |
| 30-59 Days Delinquent | 0.38% | 73 | $642901.80 |
| 60-89 Days Delinquent | 0.19% | 33 | $325182.62 |
| 90-119 Days Delinquent | 0.07% | 11 | $115021.09 |
| 120+ Days Delinquent | 0.00% | 0 | $— |
| **Total Delinquent Receivables** | **0.65%** | **117** | $**1083105.51** |
| **Repossession Inventory:** |  | <u># of Receivables</u> | <u>Principal Balance</u> |
| Repossessed in the Current Collection Period |  | 1 | $3973.89 |
| Total Repossessed Inventory |  | 4 | $40750.21 |
| **60+ Delinquency Percentage:** |  | <u># of Receivables</u> | <u>Amount</u> |
| 60+ Day Delinquent Receivables |  | 44 | $440203.71 |
| 60+ Delinquencies as % of EOP Net Pool Balance | 60+ Delinquencies as % of EOP Net Pool Balance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Preceding Collection Period |  |  | 0.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Preceding Collection Period |  |  | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preceding Collection Period |  |  | 0.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Collection Period |  |  | 0.26% |
| Delinquency Trigger |  |  | 4.50% |
| Current Delinquency Percentage Exceeds Delinquency Trigger? (Yes/No) | Current Delinquency Percentage Exceeds Delinquency Trigger? (Yes/No) |  | No |

---

**<u>VIII. TEMPORARY FORBEARANCE</u>**

The table below presents accounts which received a short-term payment extension in the month of January 2023.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | <u>Month-End Balance</u> | <u>Month-End Balance</u> | <u># of Receivables</u> | <u># of Receivables</u> |
| | <u>($MM)</u> | <u>(%)</u> | <u>(#)</u> | <u>(%)</u> |
| Total Extensions | 0.08 | 0.05% | 7 | 0.03% |

---

<br>