Reee….reeeee…reeee…your rangefinders have an error rate of at least 1.38% (the standard of all known lrf manufacturers) that if unaccounted for could cause an unknown error in your measurement. You need to use a certified tape, measuring from the exact center of your turrets to the target. You don’t even know what your problem is…..reeeeeeee.
Short answer...Yes. It also seems to be a built-in feature for pretty much all Leupold scopes. That's why I'd get them to replace it with a new one, then sell the NIB one when it comes back, and get something better.