Witnesses are being called forward after the men stole a car from a driveway in Wincote Close on Wednesday evening.
Around 9.40pm on April 30, three men approached and threatened the owner of a white BMW 123 in the Kenilworth street.
They demanded the keys to the vehicle which were handed over. The men then drove off in the car.
It is believed that the group arrived in Wincote Close in a red coloured Ford Focus ST and police officers are keen to speak to anyone who has information about the incident.
Detective Sergeant Gareth Keyte who is leading the investigation wants to hear from anyone who heard or saw anything suspicious between 9-10pm that night.
“We are following a number of lines of enquiry regarding this incident, but still need to hear from anyone who may have information which can help with the investigation,” he said.
Anyone with information can contact him at Leamington CID on 101, or Crimestoppers on 0800 555111.