It happened around 4 p.m. in the 1000 block of Old Fairground Road.
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A car sped away after striking a 12-year-old boy riding his bike.
The child was transported to Wake Medical Center with non-life threatening injuries.
Eyewitnesses describe the car as a white four-door passenger car that appeared to be a newer model and very clean.
Officials say the child involved in the incident will not be identified. He has been released from the hospital and is currently home resting.
The blue Mongoose bicycle the child was riding is resting against the side of a Johnston County home right now.
A woman told ABC11 she is leaving the bike by her home and is hoping the child comes back to pick it up.
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Anyone who has any information on the hit and run vehicle and its driver is urged to contact Sgt. J.L. January or Trooper M.E. Sellers with the NC Highway Patrol at the Smithfield District Office at 919-934-2186 or the Raleigh Communications Center at 919-733-3861.