It happened around 5:15 p.m. while the victim was buying milk from Target at the Devon Square Shopping Center.
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"He started his vehicle, went to put it in reverse, two males entered the passenger side of his vehicle. According to the victim, both (suspects) pointed guns at him, demanded his key fob, his wallet and told him to get out of the vehicle," said Detective Sergeant Jim Slavin of the Tredyffrin Township Police Department.
Police said one of the suspects then stole the victim's car. The other suspect drove off in a separate Nissan Altima.
Authorities say the victim wasn't physically hurt.
Residents say this incident is out of character for the area.
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"That is definitely really concerning because one of the things I'm always talking about and why I moved to the area is because I feel like it's so safe, especially as a woman," said Brenna Fallows of Wayne.
The victim's car was later found in Philadelphia.
Police don't know who did this or why.
One resident said she's frustrated she wasn't notified about the crime sooner.
"My daughter drives, my son drives, everybody is here. My neighbor's kids, they work here and all and we really should have been made aware and we want this to stop," said Tina Reddy of Wayne.
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Tredyffrin officials said they haven't had a carjacking since 2019.
Police said there's been an uptick in stolen vehicles in Chester County, with leads that the suspects are coming out of Wilmington, Delaware.
Investigators are not sure if that's the case in this carjacking. They are still searching for the two suspects.
Anyone with information is being asked to call Tredyffrin Township police.