The value of the team has more than doubled in less than two years as Aston Martin Lagonda looks to cash in its chips.

The Aston Martin Formula 1 team has been valued at about $3.3 billion. The marque is selling its minority stake in the brand for about $146 million.

Owning a Porsche continues to be aspirational, providing the brand with superior pricing power and gross margins relative to its premium-branded automotive peers. With 65% of its volume at luxury ...