Garagoyunlu was a village in the territory of the Iravan uezd of the former Iravan governorate, later in the former Vedi (Ararat) district, and present-day Ararat province. It was located near the Garnibasar River. The village was noted in “The Iravan Province Review Book” and marked on the five-verst map of the Caucasus.

The village was inhabited by 376 Azerbaijanis in 1873, 464 in 1886, 389 in 1897, 551 in 1904, 606 in 1914 and 589 Azerbaijanis in 1916. The Azerbaijanis were attacked, massacred or expelled from the village by Armenian armed units in 1918. After the establishment of Soviet power in present-day Armenia, the Azerbaijanis who survived managed to return to their village. The village was inhabited by 60 Azerbaijanis in 1922, 101 in 1926, 119 in 1931 and 321 Azerbaijanis in 1939. The village was abolished after the Azerbaijani population of the village had been deported to Azerbaijan in accordance with the decision of the USSR Council of Ministers “On the resettlement of collective farmers and other Azerbaijani population from Armenian SSR to the Kur-Araz lowlands of the Azerbaijan SSR” dated 23 December 1947.

The toponym was coined on the basis of the name of the Turkic Garagoyunlu tribe.