UPDATE: Police have issued an arrest warrant for the suspect who allegedly shot and killed a man after an apparent road rage incident. Go here for the details.

ORIGINAL STORY: A deadly suspected road-rage shooting in northeast Austin Tuesday afternoon, may have begun after a vehicle collision between the suspect and victim.

Austin police identified the victim as Alfred A. Lockett, 48, a University of Texas employee, according to school officials.

UT released the following statement to KVUE Thursday:

The university community deeply mourns the loss of our employee Alfred Lockett. Our hearts go out to his family, friends and coworkers during this difficult time.

Austin-Travis County EMS and Austin police said they were called to the intersection of Parmer Lane and Dessau Road around 4:30 p.m. Sept. 12 for a reported shooting. Police said officers found Lockett lying on the ground outside his vehicle, and that several people pulled him from the vehicle in an attempt to save him. EMS attempted life-saving measures on Lockett, but he died at the scene.

Austin-Travis County EMS and Austin police investigate a suspected road rage shooting near Parmer Lane and Dessau Road on Sept. 12, 2017.

Police said Lockett and another man - who has not been identified as of late Wednesday morning - were driving northbound on Dessau "at a high rate of speed" before the shooter's Toyota turned into the CVS followed by Lockett's teal Infinity. APD said the driver of the Toyota got out of his vehicle and walked back toward Lockett's car before he pulled a handgun and fired at Lockett.

Police said the driver of the Toyota then left the scene.

APD issued an update around 2 p.m. Wednesday saying they found the suspect's vehicle, a 2010 red Toyota Camry, in the 2000 block of East Yaeger Lane. Police said the vehicle's bumper and license plates were missing from the car.

Suspect vehicle in possible road-rage shooting incident.

Because of the damage on the vehicle, they believe the incident might have started because of a collision between the suspect and Lockett.

The shooter has been described as a white of Hispanic man, around 5-feet 10-inches tall with a thin build and short brown hair. Authorities believe he is in his late 20s or early 30s.

Police said there's no indication that Lockett and the suspect knew each other before their encounter.

If you're involved in a hit-and-run, police stress it's best practice to let the suspect go and call police.

"The 9-1-1 operator will tell you to not follow, pull over to the side of the road and wait for APD," said Lt. Staniszewski.

Jameca Mitchell, Lockett's cousin, told KVUE their family has been trying to figure out what happened.

"For this to take place...we are all in shock. His mother is not here, his mother is in Abilene, she's suffering right now because of the loss of her only child. We want justice, we need justice," Mitchell said.

Lockett's family is planning a memorial in the coming days.

Police ask anyone with information regarding the incident to call them.

This is a developing story. KVUE will update this page as more information becomes available.