After his pockets were rifled through, Loncar was fatally shot.
Police say Davis was arrested just two hours after the murder, allegedly driving a car reported stolen in a separate carjacking.
While four others ran off, investigators took Davis into custody. Police say his clothing and description match up with the surveillance footage in Loncar s murder.
Davis was let out of prison on December 29 after paying reduced bail.
Davis was charged with a separate violent carjacking of an Uber driver and paid $2,000 bail after a judge reduced the bail from $100,000 to $20,000.
For allegedly assaulting and threatening a corrections officer while in custody, Davis paid $1,200 reduced bail after a different judge reduced bail from $20,000 to $12,000.