"Now that Pendragon shareholders have approved Lithia's $484 million acquisition of the U.K. auto retailer, Lithia will gain a stake in Pendragon's Pinewood DMS, which would be spun off into a standalone company. Lithia and Pinewood plan to form a joint venture to bring a DMS to North America. "
https://www.autonews.com/dealers/cdk-ceo-revamp-plan-ahead-schedule
After Autonation, Lithia is one of CDK's biggest fish (No. 2 still)