Even 10 year old Garmin watches had this useful feature to count your laps each time you pass the starting point.
- The latest models have highly accurate GPS chips which ensure perfect working of this feature, as already demonstrated by RunSafe+, a paid CIQ app which does have this feature.
Garmin must bring this feature back which was removed for reasons unknown.
P.S. Post edited with 2 images showing the option does exist on at least two modern Garmin wearables.
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Here is this feature as available in FR745, even though the FR745 owners manual makes no mention of it:

Here is this feature as described in the Fenix 7 Owners Manual:
