tl;dr: No, a stretched limaçon is not a limaçon.
Let's be a bit more "generous" and call a limaçon any polar graph
$$
r = a + b\cos(t + t_{0}),
$$
i.e., that can be obtained by rotating the polar graph $r = a + b\cos t$ about the origin by $t_{0}$. A general limaçon therefore has parametric form
\begin{align*}
x(t) &= (a + b\cos(t + t_{0}))\cos t, \\
y(t) &= (a + b\cos(t + t_{0}))\sin t.
\end{align*}
It appears stretching amounts to applying a specific "orthogonally diagonalizable" linear transformation. Again, let's be more flexible and assume we're allowed to apply an arbitrary invertible linear transformation
$$
\left[\begin{array}{@{}c@{}}
u \\
v \\
\end{array}\right]
= \left[\begin{array}{@{}cc@{}}
A & B \\
C & D \\
\end{array}\right]
\left[\begin{array}{@{}c@{}}
x \\
y \\
\end{array}\right]
= \left[\begin{array}{@{}c@{}}
Ax + By \\
Cx + Dy \\
\end{array}\right],\quad
AD - BC \neq 0.
$$
The parametric equations for a "stretched" limaçon are therefore
\begin{align*}
u(t) &= (a + b\cos t)(A\cos t + B\sin t), \\
v(t) &= (a + b\cos t)(C\cos t + D\sin t).
\end{align*}
This is not a "limaçon" in the stated sense unless the linear transformation is a Euclidean motion (rotation about the origin or reflection about a line through the origin) followed by scaling about the origin: We must have
\begin{align*}
A\cos t + B\sin t &= E\cos(t + t'), \\
C\cos t + D\sin t &= E\sin(t + t')
\end{align*}
for some real $E$ and $t'$. The remaining details are a little tedious to write out, but follow from addition formulas for the trig functions, which lead to $A^{2} + B^{2} = E^{2} = C^{2} + D^{2}$ and $AC + BD = 0$, so that the transformation matrix has orthogonal columns of equal length.
As for the equations of the transformed curve, multiplying the equation of the limaçon by $r$ gives
$$
x^{2} + y^{2} = r^{2} = ar + br\cos t = ar + bx.
$$
Rearranging and squaring,
$$
(x^{2} + y^{2} - bx)^{2} = (ar)^{2} = a^{2}(x^{2} + y^{2}).
$$
This quartic equation in $(x, y)$ may be expressed in terms of $u$ and $v$ by noting that
\begin{align*}
\left[\begin{array}{@{}c@{}}
x \\
y \\
\end{array}\right]
&= \left[\begin{array}{@{}cc@{}}
A & B \\
C & D \\
\end{array}\right]^{-1}
\left[\begin{array}{@{}c@{}}
u \\
v \\
\end{array}\right] \\
&= \frac{1}{AD - BC} \left[\begin{array}{@{}rr@{}}
D & -B \\
-C & A \\
\end{array}\right]
\left[\begin{array}{@{}c@{}}
u \\
v \\
\end{array}\right] \\
&= \frac{1}{AD - BC} \left[\begin{array}{@{}c@{}}
Du - Bv \\
Av - Cu \\
\end{array}\right].
\end{align*}
The details are again a bit tedious, but the result is a quartic polynomial, and the zero locus has the same qualitative shape (e.g., a cusp or crossing at the origin becomes a cusp or crossing at the origin) even if it is not strictly a limaçon.