Yes. I haven't tested the accuracy or stability over time. You have to do some coding to calculate the speed, of course.
The principles described in this Infineon note apply here also:
https://www.infineon.com/dgdl/Infineon-Radar%20FAQ-PI-v02_00-EN.pdf?fileId=5546d46266f85d6301671c76d2a00614Assuming your sensor is directly in-line with the path of travel, the equation is: v = (c / 2 * Ftx) * Fd
v = speed of car, m/s
c = speed of light, m/s
Ftx = radar Tx frequency, Hz
Fd = received doppler frequency, Hz
For this module, Ftx = 24.15 GHz (nominal, no idea how accurate) so it simplifies to v = 0.00621 * Fd (m/s)
For a typical car on my road I get Fd = 1500 Hz => 9.3 m/s = 21 mph
There are also larger and more expensive ($100+) modules designed for the purpose that give you a speed readout directly.
However the spectrogram plot gives you not just one number, but a plot of the car's speed over time with high resolution. For example, here is the spectrogram from a car passing by my house on my road this morning. The car signal (lighter yellow part of the plot) becomes faintly visible around t=25 seconds at a frequency around 1300 Hz, so that's 8 m/s or 18 mph. The signal fades out where the road drops down behind a hill, it comes back into sight around t=35 seconds near 700 Hz so that's about half the speed. The car slows down to a near-stop at 42 seconds, looks like 200 Hz, 1.2 m/s which is less than 3 mph, then speeds up somewhat until it passes my sensor around t=52 seconds. At that point of course the relative speed drops to zero just from the cosine-angle term. You see a bunch of different frequencies as a car passes by, I think from the rotating wheels and hubcaps as the radar illuminates them more from the side. There was a light drizzle of rain at this time, which appears as the short noise spikes looking like grass near zero frequency. The bright horizontal line at f=0 is an artifact because my input signal has a non-zero DC offset, I should remove that with a highpass filter.
This was at 6:35 am before sunup, most cars go around 20-25 mph here but maybe it was a newspaper delivery, or a heavy truck being extra cautious over a speed hump in the road.