The Houston Police Department says the suspects fled the scene near SH 288 and Reed Road just after 9:30 a.m. Monday.
They were traveling in a gold Gran Prix.
Police began searching for the suspects on the ground and with the police helicopter.
After a brief chase, two of the suspects were taken into custody.
A short time later a third person was arrested.
HPD is still actively looking for one more suspect.
Police warn that the suspect could be armed.