California Highway Patrol officer Mike Harris says Ebanks was seen committing a traffic violation at 2:49 a.m. Friday and was arrested.
"We are aware of the situation with Devin and are currently looking into the matter to gather all the facts," the Lakers said in a statement. "We have no further comment on this at this time."
The 23-year-old was booked into custody at about 3:45 a.m. and released a few hours later after posting $5,000 bail.
He's due back in court Dec. 7.
Information from The Associated Press was used in this report.