Yep, it's called audio relay under the general settings on the app.
Of course, you can buy an external simplex repeater box to attach to a radio (Argent ADS-SR1, Radio-Tone RT-SRC1, Red's Engineering SRPT-02) for less money, and they usually have some additional features like voice announcements, automatic callsign and so on, but I don't plan on trying to make it a permanent setup, just something that can be used as needed... and for that it's nice to have one thing that's already water resistant and doesn't need any external addons to carry or enclosures to protect from weather, that sort of thing.
I don't need the other features of the GMRS Pro, so I'm still weighing purchasing one just for that feature, but as far as I know no other GMRS radio has it built in. I may wait and see if I come across one used.